18th Nov 2021 15:53
finnCap Group PLC - London-based stockbroker - Raises dividend guidance as profit nearly doubles in first half of its financial year. Pretax profit is GBP6.3 million in the six months that ended September 30, up from GBP3.6 million a year before, as revenue rises by 55% to GBP31.7 million from GBP20.5 million. Capital Markets revenue slips 4.3% to GBP15.6 million from GBP16.3 million a year before, but this is still the division's third best half-year ever. The Cavendish corporate finance arm, meanwhile, has its best ever half-year, closing 13 deals with a total value of GBP1 billion. The division's revenue multiplies as a result to GBP16.1 million from GBP4.2 million. Declares interim dividend of 0.6 pence, up 20% on a year before, and raises its plan for the full-year dividend to 1.75p, which would be up 17% on 1.50p in financial 2021.
Current stock price: 37.00 pence, up 1.4% on Thursday
Year-to-date change: up 57%
By Tom Waite; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
FCAP.L