- Cross-border financial services provider STM Group posted a flat annual profit, though improved operating margins helped it post an improved underlying result.

Pre-tax profit for the year through December was unchanged at £4.0m, though underling profit rose 16% to £3.7m.

Revenue edged back to £21.4, from £21.5m, but the underlying profit margin increased to 18% from 16%.

The company declared a final dividend of 1.3p per share, up from 1.2p on-year.

'We are pleased with another solid profitable year at STM, which has been coupled with significant operational progress within the group,' chief executive Alan Kentish said.

'Our markets continue to evolve and present opportunities for well funded operators.'

'STM intends to be at the forefront of product development and sector consolidation and has a refined short-term strategy to maximise this opportunity.'

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