14th Jul 2022 11:55
finnCap Group PLC - London-based stockbroker - Pretax profit in the financial year ended March 31 falls to GBP8.1 million from GBP8.4 million a year ago, as share based payment charge widens to GBP1.1 million from GBP744,000. Revenue rises 13% to GBP52.5 million from GBP46.6 million. Pays a total dividend of 1.75 pence per share, up 17% from 1.5p a year ago. Expects revenue and its overall financial performance to be "substantially" lower in financial 2023.
Regarding its low outlook, explains: "Following the commencement of the war in Ukraine and development of broader concerns over inflation and economic growth, equity market activity in the first quarter was lower and our pipeline is much quieter than in the comparative period last year."
Current stock price: 15.75 pence, down 11% on Thursday
12-month change: down 57%
By Tom Budszus; [email protected]
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