Menhaden Capital PLC reported audited earnings results for the year ended December 31, 2017. For the year gains on investments at fair value through profit and loss were £6,189,000 compared to loss £2,075,000 a year ago. Net return before taxation was £5,457,000 compared to £1,211,000 a year ago. Net return after taxation was £5,409,000 compared to £1,168,000 a year ago. Return per share was 6.7 pence against 1.5 pence a year ago. Net cash outflow from operating activities was £885,000 compared to £739,000 a year ago. Purchases of investments were £27,891,000 compared to £23,438,000 a year ago.