30th Oct 2015 09:18
LONDON (Alliance News) - Octagonal PLC on Friday said that its subsidiary, Global Investment Strategy UK Ltd, has reported an unaudited net operating profit of GBP585,000 for the six months to September 30 on revenue of GBP2.1 million, a performance mainly due to previously reported first-quarter performance.
Octagonal said that is equivalent to a 32% increase in turnover compared with the corresponding period of 2014.
Aggregate trade volumes exceeded 47,800 for the six month period, according to Octagonal, representing an increase of 34.5% over the corresponding period of 2014.
An update on July 27 showed that Global Investment Strategy UK made a GBP534,000 unaudited net operating profit in the quarter to June 30 on revenue of GBP1.3 million.
Octagonal will publish its own interim results for the six months to September 30 "as soon as practicable".
"We have continued to see growth in both revenues and new client generation over this period. We remain focused on growing the business organically through our core activities and diversifying only into new areas that are earnings enhancing," Chief Executive John Gunn said in a statement.
Shares in Octagonal were up 2.1% at 1.20 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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