StockMarketWire.com - Financial services company Nucleus Financial posted a rise in first-half profit, as it boosted its assets under management.

Pre-tax profit for the six months through June rose to £4.2m, up from £3.0m on-year.

Revenue rose 4% to £25.2m.

The company declared an interim dividend of 1.5p per share, up 7.1% on-year.

'We anticipated that the change to our operating model in late 2018 would significantly accelerate our product development in future years and the first half of 2019 has borne this out,' chief executive David Ferguson said.

'Substantial investment in the core platform has delivered improved efficiency, new functionality and new capabilities.'

'We intend to continue developing our proposition to meet the needs of advisers and customers and expect this to give the platform an even wider market appeal over time.'

'Alongside the progress in our product roadmap we continue to grow assets, revenue, profits, customers and advisers, all against a challenging market backdrop and I am excited by what we can achieve.'

'Financial performance is otherwise expected to develop as planned as we look beyond short-term headwinds and toward the future with confidence.'

At 8:20am: [LON:NUC] Nucleus Financial Group Plc Ord 0.1p share price was 0p at 157.5p



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