Profits at small cap broker soar
The Guernsey-based firm said pre-tax profits for the six months to end-June hit £3.3 million, although revenue was unchanged from the year before at £17.8m.
Executive chairman Howard Shore said: “The continued strength of our business demonstrates that confidence is beginning to return to the economy as more clients look to raise development capital.”
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Hide AdThe group expects UK small cap companies to continue to outdo blue chips and increase deal activity.
Shore Capital re-instated its interim dividend at 0.4p per share and said it plans to pay out the same amount in the second half, compared with 0.5p in 2012.