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Amphion continues to make progress

Business Financial Newswire

Amphion Innovations plc continues to make progress and net assets at the end of March remained almost exactly wehre they were at the end of 2008.

At the time of the preliminary results in March 2009, Amphion - the developer of companies in the medical and technology sectors - announced the continued progress made throughout 2008, reporting an increase in Net Asset Value per Share in sterling of 36% to 0.30 being $0.44.

The company also announced the progress of DataTern its intellectual property management and licensing arm, with revenues of over $5m as well as new products launched from Partner Companies, Kromek, Myconostica, and PrivateMarkets.

It said since the announcement of its results in March 2009, Amphion and its partner companies have continued to make progress.

Total net assets at the end of March remained almost exactly where they were at the end of 2008.

Certain of its individual holdings of equity may be revalued in a new round of financing and in the current climate those changes may be to be downward.



Story provided by Business Financial Newswire