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IN BRIEF: River & Mercantile hikes dividend as annual profit grows

5th Nov 2021 11:08

River & Mercantile Group PLC - advisory and asset management business - Reports pretax profit growth to GBP10.9 million in the year to the end of June compared to GBP8.3 million profit posted a year prior. Total revenue, meanwhile, rises to GBP74.3 million from GBP70.5 million year-on-year. The company reports fee earning assets under management increase by 8% to GBP47.6 billion over the financial year. River & Mercantile lifts dividend by 23% on the prior year to 11.69p a share.

Current stock price: 279.00 pence, up 3.0%

Year-to-date change: up 62%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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