15th Jul 2021 11:58
Jarvis Securities PLC - Royal Tunbridge Wells, Kent-based stockbroking and administration services provider - Notes pretax profit hit GBP4.6 million in the half year ended June 30, up 28% from GBP3.6 million in the same period a year before. Revenue jumped to GBP8.1 million in first half, up 19% year-on-year from GBP6.8 million. Earnings per share reached 8.45 pence in the first half year, up 26% from 6.67p a year prior. Pays interim dividend of 6.50 pence per share, up 46% from 4.44p in the previous year.
"Trading conditions have been favourable, but we have not seen the extreme volatility and accompanying spikes in daily volumes that occurred in 2020...We have on-boarded two new institutional clients during the period, our existing institutional clients continue to grow organically, and we have a healthy pipeline of enquiries for our outsourcing, custody and settlement services," Jarvis says.
Current stock price: 258.00p, up 5.3% on Thursday morning
Year-to-date change: up 17%
By Scarlett Butler; [email protected]
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