Ambrian Capital plc has today released its
preliminary results, the highlights of which are pasted below. The full
announcement is attached.
CEO Tom Gaffney is available today for
comment.
AMBRIAN CAPITAL PLC
21 March 2007
PRELIMINARY
ANNOUNCEMENT OF UNAUDITED RESULTS
FOR THE
YEAR ENDED 31 DECEMBER 2006
Ambrian Capital plc, the investment bank, today announces its
preliminary unaudited results for the year ended 31 December 2006.
Highlights
- Operating income up 47% to �19.99 million� (2005: �13.64 million)
- Profit before tax up 34% to �12.44 million (2005: �9.29 million)
- Basic earnings per share up 35% to 8.16p (2005: 6.03p)
�
Final dividend of 1.00p per share
making 1.75p for the full year (2005: 1.25p for the full year)
�
Investment Banking activities
produced operating income up 167% to �7.99 million (2005: �3.00 million),
representing 40% of the Group’s total operating income
�
Realisations of portfolio
investments produced operating income of �11.99 million (2005: �10.64 million)
�
Shareholders’ equity plus
unrealised gains of approximately �50.9 million, comprising �37.0 million of
shareholders’ equity (2005: �31.4 million) and �13.9 million of
unrealised gains (2005: �17.1 million)
- Return on average shareholder’s equity of 25.0% for 2006
Commenting on the results, Malcolm Burne, Chairman of Ambrian Capital plc,
said:�
“We
are very pleased with the substantial progress made during the year in
transforming the Group into an integrated investment bank.� Not only has there
been significant expansion at Ambrian Partners Limited, our corporate finance
and stockbroking subsidiary, but we also launched Ambrian Commodities Limited
and Ambrian Asset Management Limited, which are both well positioned for
further growth.”
Enquiries:
Malcolm Burne������������������������������������������������������������ Tel:�
+44 (0)20 7395 1930
Chairman
Ambrian Capital plc
Tom Gaffney��������������������������������������������������������������� Tel:�
+44 (0)20 7776 6400
Chief Executive Officer
Ambrian Capital plc
Simon Atkinson����������������������������������������������������������� Tel:�
+44 (0)20 7523 8306
Collins Stewart
Cathy Malins & Annabel Leather��������������������������������� Tel:�
+44 (0)20 7851 7480
Parkgreen Communications
Further
information on Ambrian Capital plc:
Further information on
Ambrian Capital is available on the Company’s website:
www.ambrian.com
*** Please note our new
contact details below: ***
_______________________________________________________
Cathy Malins
Account Manager
Parkgreen
Communications
Pegasus House, 37-43 Sackville Street
London W1S 3EH
t: +44 (0)20
7851 7480 f: +44 (0)20 7494 9023 m: +44 (0)7876 796 629
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