11th Apr 2019 11:17
LONDON (Alliance News) - Christie Group PLC on Thursday said it experienced a "solid performance" in 2018 which led to a sharp rise in annual profit.
For 2018, the financial services company recorded pretax profit of GBP3.6 million, up from GBP3.1 million a year ago. Revenue was up 6.3% year-on-year at GBP76.1 million from GBP71.6 million.
The company upped its total dividend for the year to 3.0 pence from 2.75p a year prior. This was after recommending a final payout of 1.75p, flat year-on-year.
"2018 was a year of solid performance. Currently, the uncertainty surrounding Brexit is causing UK transaction related activity to slow. We do have, however, an increased pipeline of transactions," Chair and Chief Executive Officer David Rugg said.
Rugg added: "We fully expect these to flow through to completed assignments once investors have more certainty of the Brexit outcome. We expect the second half to be our stronger performance."
Christie Group shares were trading down 0.2% at 96.85 pence each.
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