23rd Nov 2018 09:42
LONDON (Alliance News) - Record PLC on Friday said its profit increased in the first half of its current financial year, thanks to a rising number of customers.
The stock was trading 5.1% higher on Friday at 31.80 pence a share.
The currency manager said pretax profit grew by 5.3% in the six months to the end of September to GBP4.0 million from GBP3.8 million reported for the same period a year ago.
Revenue, generated from the provision of currency management services, improved to GBP12.6 million from GBP12.2 million year-on-year, as the number of clients increased to 66 from 60 as at March 31.
Record maintained its interim dividend at 1.15p per share.
"As financial markets and client demands evolve, opportunities continue to arise for new and enhanced services," said Chief Executive Officer James Wood-Collins.
"We are focused on maintaining the highest levels of client service and innovation with the aim of taking full advantage of the opportunities arising, and of making further progress in the second half of the financial year," added Wood-Collins.
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