18th May 2018 11:04
LONDON (Alliance News) - IntegraFin Holdings, which was admitted to the London Stock Exchange earlier this year, said profit rose in its first half year-on-year despite increased costs.
IntegraFin is a holding company of the investment platform Transact, and listed in London on March 2.
IntegraFin said its pretax profit for the six month period ending March 31 was GBP18.7million, up from GBP17.3 million the year before. This was in spite of a more than doubling of its regulator and professional fees and a total operating expense increase to GBP25.7 million from GBP21.3 million year-on-year.
The increased profit was the result of a revenue rise to GBP44.6 million from GBP38.7 million the previous year.
IntegraFin paid an interim dividend of GBP19.4 million and a special dividend of GBP11.4 million during the period, up from GBP13.5 million year on year.
"Despite the backdrop of stock market volatility, Transact achieved its highest ever first half inflows," said Chief Executive Ian Taylor.
"We remain confident in our ability to sustain growth as we move into the second half of the year," he continued.
Shares in IntegraFin were up 4.1% at 355.04 pence per share on Friday morning.
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