28th Sep 2015 16:38
LONDON (Alliance News) - Daniel Stewart Securities PLC on Monday said it expects its pretax and amortisation loss to be wider than anticipated in its most recently completed financial year.
The investment bank said that it expects its loss before tax and amortisation for the year ended March 31 to be GBP1.4 million, following an upwards revision of bad debtor write offs by GBP500,000.
However, this is still better than the GBP1.5 million loss it made the year before.
Daniel Stewart said it expects revenue to be around GBP3.9 million, down from GBP4.2 million a year earlier.
Shares in Daniel Stewart closed down 5.3% at 1.42 pence on Monday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Daniel Stewart Securities Plc