StockMarketWire.com - Finncap Group's first-half results met management expectations even as first-half pre-tax profit slipped amid a decline in revenue on reduced commissions and one large corporate fee.

For the six months ended 31 October 2018, profit before tax fell to £2.1m from £2.7m a year earlier, and revenue slipped to £11.7m from £13.1m.

The reduction in revenue compared to the same period in the prior year related to the timing of one large corporate fee and a reduction in secondary commission, the company said.

The company remained 'optimistic' about its prospects despite the current uncertain economic and political climate, adding that it would declare a small dividend in January 2019, should it secure necessary court approval for a capital reorganisation.

The company also said it intended to declare a further dividend alongside its final results, which it expected to announce in June 2019.


At 8:07am: [LON:FCAP] share price was 0p at 28.25p



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