23rd Sep 2021 14:41
Aquis Exchange PLC - London-based stock exchange operator and software developer - Revenue for first half of 2021 grows to GBP6.7 million from GBP4.9 million a year ago and pretax profit soars to GBP1.0 million from just GBP12,000 in the prior year period. Says performance of both Aquis Exchange and Aquis Stock Exchange has progressed well, with Exchange revenue up to GBP4.9 million from GBP3.7 million and the number of Members growing to 39 from 31.
"Following the completion of the acquisition of AQSE in March 2020 we introduced a number of strategic initiatives which have significantly improved liquidity, spreads and the overall attractiveness of the market. These changes have had a material effect on the number of companies admitted to trading with 14 new admissions during the first half, compared to three in 1H20," says Chief Executive Alasdair Haynes.
Company adds it is currently tracking in line with market's full-year expectations, and it achieved a new record monthly market share of pan-European trading of 6.2% in July.
Current stock price: 725.00 pence
Year-to-date change: up 54%
By Lucy Heming;Â [email protected]
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