Ambrian swings to loss but is buoyed by China


first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Ambrian swings to loss but is buoyed by China Investment bank and broker Ambrian Capital swung to a first-half pre-tax loss as weak market conditions hurt its corporate finance and equities unit.The company, which provides corporate finance, stock broking and commodity trading services, said its January to June pre-tax loss was £196,000, compared with a profit of £2.3m a year ago.Total income fell 21.8 per cent to £7.9m, while net asset value per share fell 3.5 per cent from 2009 to 32.4p. The firm’s corporate finance and equities unit had a pre-tax loss of £1.8m, compared with a profit of £200,000. Personnel and recruitment costs at the unit rose due to efforts to diversify from its reliance on the Aim natural resources sector.It said it was cautious for the second half of the year, although trading is picking up in some sectors.However, the company added its commodities business would benefit from buoyant demand for refined copper from China.Analysts on average expect a full-year pre-tax profit of £2.1m on revenue of £17m. Last month Ambrian announced it had acquired Masefield Biofuels, which focuses on biodiesel produced from palm oil for an undisclosed price. Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLcenter_img whatsapp Wednesday 22 September 2010 7:43 pm Show Comments ▼ KCS-content last_img

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