StockMarketWire.com - Financial Services Group FinnCap said it expected to report lower profit as the political backdrop and challenging market conditions continued to weigh.

For the six month period ended 30 September 2019, the company said it expected to report pre-tax profits of not less than £1.3m, that would be lower than the £1.4m reported in the 5 months ended 30 September last year. Revenue was expected to rise to £14.2m, from the £9.1m reported in the fice months ended 30 September last year.

The company secured 12 new retained corporate clients in the period, taking its total to 127 retained clients.

'The political backdrop and challenging market conditions have been widely detailed and in light of these, the board considers this to be a good performance that leaves the Group well positioned to meet its full year expectations,' the company said.


At 8:31am: [LON:FCAP] share price was 0p at 25.5p



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