Ambrian Capital plc announced unaudited earnings results for the six months ended June 30, 2009. The company reported total income was £10.13 million in the first half of 2009 compared to £3.74 million for the first half ended 30 June 2008. Profit before tax was £2.28 million compared with a loss of £2.79 million for the first half of 2008. Profit for the period from continuing activities £1,543,911 against loss of £1,943,029 for the first half of 2008. Profit attributable to equity holders of the parent was £1,543,911, or 1.60 pence per diluted share against loss of £1,943,029, or 1.94 pence loss per diluted share for the first half of 2008. Net asset value per share increased 4.4% during the half year to 33.0 pence. Net cash used in operating activities was £6,172,640 against £3,813,848 for the first half of 2008. Purchase of property, plant and equipment was £114,771 against £405,128 for the first half of 2008. The Board declared a maintained interim dividend of 0.75 pence per share. The dividend will be paid on 23 October 2009 to all shareholders on the register as at 2 October 2009.

Ambrian Capital plc announced preliminary and consolidated earnings results for the year ended December 31, 2008. For the year, the company' loss was £11,734,301 or 11.78 pence per diluted share on the revenue of £9,642,656 as compared to profit of £4,513,556 or 4.81 pence per diluted share on the revenue of £10,635,226 for the same period a year ago. Loss from operations was £16,500,078 as compared to profit from operations of £5,787,192 for the same period a year ago. Net cash from operating activities for the year was £24,440,413 as compared to £5,145,255 for the same period a year ago. The company's board is recommending a final dividend of 0.75 pence per share, which will be paid on June 12, 2009 to shareholders on the register at May 22, 2009. This would take the total dividend for the year to 1.50 pence.

It was earlier reported that Ambrian Capital Plc and Panmure Gordon & Co Plc are involved in the early stages of merger discussions. On December 8, both the firms confirmed that have been in merger talks for a number of weeks. In a joint statement issued, the firms said, 'The boards are evaluating the position with their respective advisers and will make a further announcement in due course'.