28th Jul 2015 12:53
LONDON (Alliance News) - Marechale Capital PLC Tuesday said it had a strong end to its last financial year because of improving economic sentiment and more confidence in equity markets.
In a statement, the investment banking and corporate finance business said it made a GBP150,176 pretax profit in the year ended March 31, compared with GBP79,407 in the corresponding period the prior year.
Marechale said it wants permission from shareholders to undergo a capital reorganisation that will enable it to pay dividends.
Marechale, which is listed on London's AIM, said it "continues to look at a number of potentially interesting acquisitions, investment and merger opportunities, particularly in fund management, and remains open to such approaches".
Shares in the company were up 8.0% at 1.73 pence on Tuesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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