Ample Gains heads for London

Ample Gains Investment, which runs China's Shandong International Institute of Translation, hopes to float on London's OFEX private share market this autumn.

AIM-quoted EuropAsia Education owns 12 per cent of Ample Gains Investment (AGI), which is headed by prominent Chinese private university player Mr Sun. AGI has a 25-year licence to manage the Shandong Institute, which today announced a 61 per cent pre-tax profits increase to £3.5 million on turnover also up 61 per cent to £4.9 million.

The institute runs diplomas and undergraduate courses in foreign languages, computer science, IT, international commerce and trade and hospitality and tourism. It recently completed the first phase of its drive to increase student numbers from 5,000 to 20,000 by 2007.

EuropAsia, which began life as StartIT.com, was floated on AIM six years ago by Insinger and Hoodless Brennan at 5p and has fallen ever since. Unimpressed by last year’s 19 per cent reduction in losses to £287,144 and fivefold turnover growth to £360,200, the market has the shares languishing at 1.05p.

Leslie Copeland

Gordon Yost

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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