Amphion expects 2007 pretax profit to rise 50%

UK-based Amphion Innovations says that its results for full-year 2007 are expected to show an increase in net asset value per share of 29% over the previous year to $0.44, broadly in line with market expectations. Profit before tax is expected to be $10.5 million, a 50% increase from the previous year, primarily reflecting the uplift in the value of its investments.

The firm says it currently has 10 partner companies developing proven technologies targeting substantial commercial marketplaces, in excess of $1.0 billion. Each partner aims to achieve a target exit value in excess of $100.0 million supported by Amphion management's record of delivering liquidity events. During 2007, Amphion noted that it successfully helped its partners raise over $21.0 million.

The firm expects to report its preliminary financial results in March 2008.