8th Dec 2021 16:55
Numis Corp PLC - London-based stockbroker and investment bank - Pretax profit in financial year that ended September 30 doubles to GBP74.2 million from GBP37.1 million the year before on revenue of GBP215.6 million, up 39% from GBP154.9 million. Revenue from Investment Banking rises by 52% to GBP154.9 million, driven by a 45% rise within Capital Markets and a near tripling for Advisory. Equities revenue improves by 14% to GBP60.7 million. Net assets rise by 19% to GBP186.7 million. Declares 8.0 pence per share final dividend for a 13.5p full-year payout, up 13% from the previous 12.0p annual payout that Numis had made for five years running.
While the first two months of the new financial year have been in line with a year before, Numis says, "it is clear that public markets investors are increasingly adopting a more cautious approach and execution of our capital markets pipeline is subject to greater uncertainty."
Current stock price: 323.00 pence, down 2.4% on Wednesday
Year-to-date change: down 4.6%
By Tom Waite; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
NUM.L