- STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, grew profits by 40% to £1.4m in the six months ended 30 June 2015, compared to the same period last year.

Revenues rose to £8.3m from £7.4m.

Colin Porter, yjr CEO, said: "These results are starting to demonstrate the successful roll out of our growth strategy.

"The Product and Business Development team is now in place and has commenced to formalise new distribution agreements in our target territories. Our experience to date suggests that after the expected lead time, these new representative offices will become a key factor in contributing to enhanced revenue streams.

"The Board is pleased with progress during the first half of the year and views the remainder of the year and beyond with optimism."

At 9:59am: [LON:STM] STM Group PLC share price was +2.5p at 52p

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