Trading Statement (4153A)
February 01 2011 - 2:00AM
UK Regulatory
TIDMAMBR
RNS Number : 4153A
Ambrian Capital PLC
01 February 2011
AMBRIAN CAPITAL PLC
TRADING UPDATE
Ambrian Capital plc ("Ambrian" or the "Group") today issues a
trading update based on unaudited management accounts.
Ambrian is pleased to report that trading conditions continued
to be favourable for the Group for the year ending 31 December
2010. Profits before tax and share-based payment charges for the
year are expected to be substantially ahead of the GBP1.82 million
estimated in the Trading Update issued on 7 December 2010.
In the last quarter of 2010, Ambrian benefitted from a strong
performance by Ambrian Partners Limited, primarily as a result of
increased fund raising activity, and continued growth in the value
of the principal investment portfolio.
Ambrian will announce its final results for 2010 in the latter
part of March 2011.
Enquiries
Ambrian Capital plc
Tom Gaffney, Chief Executive + 44 (0)20 7634 4700
Macquarie Capital (Europe)
Limited
Simon Law + 44 (0)20 3037 5237
Nicholas Harland + 44 (0)20 3037 2369
M: Communications
Charlotte Kirkham + 44 (0)20 7920 2331
Ann-Marie Wilkinson + 44 (0)20 7920 2343
Notes to Editors:
AMBRIAN CAPITAL PLC
Ambrian Capital plc (AIM: AMBR) is a specialist natural
resources investment bank active in Commodities, Corporate Finance
& Equities and Principal Investments.
Commodities
Ambrian Metals Limited is an independent physical metals
supplier with a particular strength in refined copper. Through
Ambrian Metals' offices in London and Shanghai and agents in New
York, Santiago, Sao Paulo, Seoul and Tokyo, it sources non-ferrous
metals from producers for distribution to an international client
base of metals consumers and merchants.
Ambrian Energy Limited is a physical energy trading company
focused on the supply of bio-fuels and crude oil.
Corporate Finance & Equities
Ambrian Partners Limited is known in the market for its leading
positions in the metals & mining, oil & gas and cleantech
sectors. It provides corporate finance advice, equity research,
sales and trading and market making services. Ambrian Partners is a
member of the London Stock Exchange and is authorised and regulated
by the Financial Services Authority.
Principal Investments
Ambrian Principal Investments Limited is an investment company
which holds the Group's principal investment portfolio. It is
managed by Ambrian Asset Management Limited, which is authorised
and regulated by the Financial Services Authority.
Further information on Ambrian is available on the Company's
website: www.ambrian.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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