LONDON (Alliance News) - Stockbroker and investment bank Numis Corp PLC said Monday that despite a slowdown in stock market activity around the UK's referendum on the European Union, its revenue grew by 14% year on year for the year ended September 30.
Numis said corporate activity continued into the second-half of the year and its current deal pipeline is "encouraging", having acted in 46 equity deals in the year, 19 in the second-half, and raised funds just below GBP1.90 billion.
Numis said it also completed 26 pure advisory mandates, with combined revenue from equity deals and advisory activities growing by 15% overall.
Numis will announce its full preliminary results for the year ended September 30 on December 7.
"It is pleasing to report that, following a record first half, the business continued to perform well during our second half despite the market-wide impact on equity issuance following the Brexit vote," said Alex Ham and Ross Mitchinson, co-chief executives of Numis.
"Our current deal pipeline is encouraging and we remain determined to support UK companies of all sizes seeking capital to grow, whilst simultaneously building long-term relationships with companies and investors," they added.
By Adam Clark; adamclark@alliancenews.com
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