29th Jul 2015 10:28
LONDON (Alliance News) - Share PLC, a retail stockbroker, Wednesday said trading so far in the second half of 2015 has been in line with expectations, giving it confidence about the future after profit dropped in the first half.
"In particular, we are in advanced discussions on a number of new partnership opportunities about which we hope to be able to announce more detail as the year progresses," Chairman Gavin Oldham said in a statement.
Pretax profit fell to GBP142,000 in the six months to the end of June, from GBP761,000 in the corresponding period the prior year, as revenue decreased by 7% to GBP7.4 million and administrative expenses increased by 1% to GBP7.5 million. Investment revenue was flat at GBP223,000.
Shares in the company were down 3.6% at 29.90 pence Wednesday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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