Numis profit almost doubles on higher corporate advisory fees
Source - SMW
Numis Corporation said its first-half profit almost doubled following a strong showing from its corporate broking and advisory business.
Pre-tax profit jumped 86% to £19.5m, as revenue rose 41% to £74.1m.
The company kept its interim dividend flat at 5.5p per share.
Its operating margin declined to 26.0%, down from 26.7%, as a result of ongoing investments in headcount and its trading platform, the company said.
At 8:08am: (LON:NUM) Numis Corporation PLC share price was +8.25p at 418.25p