1st Jul 2021 17:47
Arden Partners PLC - UK-based corporate adviser and multi-service stockbroker - Revenue for half-year to April 30 more than doubles to GBP5.0 million from GBP2.3 million year-on-year, and firm swings to pretax profit of GBP940,000 from GBP1.5 million loss. "The recovery in UK equity markets, the dramatic increase in demand for capital triggered by the Covid 19 pandemic and improved investor appetite provided favourable trading conditions throughout the period," firm says. Says all areas of business performed strongly in the period, and trading in second half has continued to be "very encouraging". "We remain confident of delivering a profitable result for the year as a whole, the scale of which will be determined by the delivery of these pipeline deals," firm says. No interim dividend proposed, in line with a year ago.
Current stock price: 18.00 pence, rises 24% on Thursday
Year-to-date change: up 57%
By Lucy Heming;Â [email protected]
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