Menhaden Capital PLC Reports Audited Earnings Results for the Year Ended December 31, 2017
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.