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Numis Expects First-Half Profit "Significantly Ahead" Year-On-Year

Thu, 29th Mar 2018 10:53

LONDON (Alliance News) - Numis Corp PLC said on Thursday that revenue and profit for its first half are expected to be "significantly ahead" of a year before, and was its positive on its start to the second half.

The broker said it has delivered a strong first half for the six months ending Saturday, with revenue and profit expected to be "significantly ahead" of the comparable period last year, although "below the record performance achieved in the second half of the prior year".

Transaction volumes across Capital Markets and M&A activities have been strong throughout the period and, in combination with higher average deal fees, Corporate Broking & Advisory delivered revenue "materially higher" than the first half of the prior year.

Equities also delivered a strong performance, achieving revenue in line with a year before "notwithstanding the introduction of MiFID II" at the beginning of 2018.

The outlook for the business remains positive, Numis said, with a strong near term pipeline of transaction opportunities expected to support a robust start to the second half.

Numis will report its half-year results on May 4.

Shares in Numis were up 1.3% at 364.00 pence on Thursday.

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Numis transactions fall 25% in first four months of year

(Sharecast News) - Trading at City broker Numis has completed around a quarter fewer deals in the past four months compared to the same period a year ago, after the material stock index declines and amid the uncertain domestic political situation.

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5 Feb 2019 08:53

Numis Shares Fall As Trading Is Hurt By Challenging Market Conditions

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29 Jan 2019 15:50

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5 Dec 2018 09:50

Numis full-year profit drops as it boosts headcount

(Sharecast News) - Numis reported a 17.4% drop in full-year profit on Wednesday, with staff-related costs up as it boosted its headcount.

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5 Dec 2018 08:51

Numis Holds Annual Payout Amid Lower Profit On Increased Investment

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28 Sep 2018 14:48

Staff costs push profits lower at Numis

(Sharecast News) - Investment banking group Numis Corporation updated the market on its trading for the year ending 30 September on Friday, reporting a "good trading performance" in the year, although it said revenue in the second half did not reach the level achieved in a "particularly strong" first half.

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28 Sep 2018 10:54

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28 Sep 2018 10:13

Numis Expects Annual Profit To Be Lower Due To Higher Staff Costs

LONDON (Alliance News) - Numis Corp PLC on Friday said it expects its profit for the year ending September to be lower than the previous year due staff costs being "materially" in Numis

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