4th Oct 2018 14:13
(The company issued a correction stating that the first quarter ended August 31)
LONDON (Alliance News) - Fiske PLC said Thursday the company has been profitable during the first quarter ended August, while the integration of an acquisition is going well.
Speaking at the firm's annual general meeting, Chairman Clive Harrison said the integration of the Fieldings, acquired in July 2017, has "continued satisfactorily" and has scope for further progress.
However, he explained the benefits of the acquisition have been "partly countered" by the company's regulatory costs, which are escalating "on a continuous basis" and are only heading upwards.
"I sincerely hope the significant additional expenditure will truly protect the private investor," he added.
Shares in the financial investment management company were untraded Thursday, last quoted at 84.50 pence each.
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