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IN BRIEF: Nucleus Financial Assets Rise Despite Covid-19 Impact

8th Sep 2020 14:53

Nucleus Financial Group PLC - wealth management platform provider - Assets under administration rise 3.2% year-on-year to GBP15.83 billion at June 30 from GBP15.33 billion a year ago. Inflows in the six months to June-end rise to GBP964 million from GBP955 million. Outflows decline to GBP531 million from GBP709 million. Pretax profit dives to GBP1.2 million from GBP3.4 million, mainly due to increased costs and share-based payments. Revenue down 0.4% at GBP25.1 million. Interim dividend cut to 1.0 pence per share from 1.5p. Adviser numbers rise 3.3% to 1,383. Customer numbers up 4.3% to 99,797.

Current stock price: 137.50 pence

Year-to-date change: down 19%

By Tapan Panchal; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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NUC.L
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