Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up

Octagonal profit rises on expanded client services

Wed, 13th Nov 2019

Financial services group Octagonal posted a rise in first-half profit, as sales were boosted by providing ancillary services to clients. Pre-tax profit for the six months through September rose to £1.12m, up from £0.97m on-year. Revenue rose to £3.32m, up from £3.01m, with sales mostly generated by principle trading subsidiary GIS. 'These improvements have mainly come as a result of improvements in operating systems and processing efficiencies, giving us the ability to provide further ancillary services to our clients around their existing activity,' chairman John Gunn said. 'These efficiencies will provide a long-term benefit for the business as we strive towards greater costs reductions and expansion of services to clients.' At 9:14am: (LON:OCT) Octagonal Plc share price was +0.15p at 1.55p Story provided by StockMarketWire.com

FTSE 100 Latest
Value7,217.40
Change79.55