Menhaden Capital PLC reported unaudited earnings results for the year ended December 31, 2016. For the year Gains on investments at fair value through profit and loss were £2,075,000 compared to loss £10,757,000 a year ago. Net return on ordinary activities before taxation was £1,211,000 compared to loss of £11,032,000 a year ago. Net profit on ordinary activities after taxation was £1,168,000 compared to loss of £11,056,000 a year ago. Return per share was 3.5 pence against loss per share of 13.8 pence a year ago. Net cash outflow from operating activities was £739,000 compared to £194,000 a year ago. Purchases of investments were £23,438,000 compared to £76,636,000 a year ago.