9th Mar 2023 12:20
Jarvis Securities PLC - Royal Tunbridge Wells, Kent-based stockbroking and administration services provider - In 2022, pretax profit falls 20% to GBP6.1 million from GBP7.7 million the previous year. Revenue drops 12% to GBP12.6 million from GBP14.3 million. Earnings per share decreases to 11.12 pence from 13.91 pence in 2021. Declares a dividend of 11.5p per share, down 48% sharply from 22.0p the year prior. Jarvis Securities is the parent of Jarvis Investment Management Ltd, providing retail and outsourced financial services.
Chair Andrew Grant says: "I am confident that the business will emerge financially stronger and more resilient as a result of this year, and whilst we are currently experiencing a period of change the future of Jarvis is bright."
Current stock price: 141.99 pence each, down 13% on Thursday midday in London
12-month change: down 45%
By Xindi Wei, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Jarvis Securities