Source - SMW
Institutional stockbroking company Arden Partners posts a pre-tax profit of  £0.7m for the year to the end of October against a loss of £0.4m last time.

Revenues rose to £10.5m from £5.9m and the group made an underlying pre-tax profit of £1.2m against a loss of £0.5m a year ago.

The dividend of 1.0p per share has been proposed (2016: nil).

Chairman Luke Johnson said: 'We are confident that the business is in the midst of a successful turnaround.  

'A new executive team has been appointed, and they have rapidly taken the business from losses into net profits for the full year.  

'There is still much to be done, but I believe that Arden now has the resources and the people to deliver.

'As a demonstration of our confidence in the future we are pleased to propose a 1p per share final dividend.' 

At 9:29am: (LON:ARDN) Arden Partners PLC share price was +2p at 54.5p