20th Aug 2021 17:55
Walker Crips Group PLC - London-based stock broker and wealth manager - For the year ended March 31, swings to pretax loss of GBP114,000 from profit of GBP963,000 the year before, on revenue which declined 3.5% year-on-year to GBP30.3 million from GBP31.4 million, due to the impact of the cut in the Bank of England base rates, as well as the ongoing pandemic.
As at March 31, assets under management rose 22% to GBP3.4 billion from GBP2.8 billion the same date the prior year.
Declares final dividend of 0.60 pence per share, bringing the total payout to 0.75p, up 25% from 0.60p the year before.
"Overall, the story this year has been an underlying resilience shown by the group, in its management and performance, which bodes well for the future. The headline numbers do not do justice to the positive momentum that is developing in several of the operating divisions and I congratulate our staff and our investment managers for making this possible. I and the board remain excited about the group's prospects," said Chair Martin Wright.
Current stock price: 32.00 pence, down 4.5%
Year-to-date change: up 21%
By Dayo Laniyan; [email protected]
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