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£125.30m
-0.25p ()
116.50p
Date: Wednesday 07 May 2008
LONDON (ShareCast) - Stockbroker and investment bank Numis saw half-year profits slip due to difficult market conditions and deterioration in the capital markets.
Profit before tax for the six months slipped to £16.1m from £18.1m previously on revenue that fell to £26.8m from £37.5m. Total pro-forma revenue was £40.2m versus £40.1m in 2007.
The group said despite “extremely difficult and challenging market conditions”, it was pleased to deliver another profitable period.
The deterioration in capital markets activity presents a challenging business environment but the group said its secondary market trading business continues to generate sustained levels of income, both in the UK and US
“Whilst we have avoided any exposure to the sub-prime or structured credit market, we are not immune from the challenging stock market conditions, but we are well positioned and remain committed to building the business during the downturn,” added the group.
Interim dividend was raised to 2.50p per share from 2.00p.
| Currency | UK Pounds |
| Share Price | 116.50p ![]() |
| Change Today | -0.25p |
| 52 Week High | 254.00 |
| 52 Week Low | 116.75 |
| Volume | 0 |
| Shares Issued | 107.56m |
| Market Cap | £125.30m |
| Beta | 0.33 |
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| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 14-May-08 | 12-Dec-07 |
| Paid | 02-Jul-08 | 08-Feb-08 |
| Amount | 2.50p | 5.00p |