- Financial services group Octagonal posted a rise in first-half profit, as sales were boosted by providing ancillary services to clients.

Pre-tax profit for the six months through September rose to £1.12m, up from £0.97m on-year.

Revenue rose to £3.32m, up from £3.01m, with sales mostly generated by principle trading subsidiary GIS.

'These improvements have mainly come as a result of improvements in operating systems and processing efficiencies, giving us the ability to provide further ancillary services to our clients around their existing activity,' chairman John Gunn said.

'These efficiencies will provide a long-term benefit for the business as we strive towards greater costs reductions and expansion of services to clients.'

At 9:14am: [LON:OCT] Octagonal Plc share price was +0.15p at 1.55p

Story provided by