Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksXps Pensions Share News (XPS)

Share Price Information for Xps Pensions (XPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 404.00
Bid: 399.00
Ask: 400.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.251%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 404.00
XPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

XPS Pensions profit, revenue grow as celebrates business model

Thu, 21st Nov 2024 11:42

(Alliance News) - XPS Pensions Group PLC on Thursday said its half-year profit and revenue increased due to strong client demand, increased project work and inflationary fee increases.

The Reading, England-based pensions consulting and administration services provider said pretax profit more than doubled to GBP18.2 million from GBP8.1 million year-on-year in the six months to September 30.

Revenue also grew by 20% to GBP113.4 million from GBP94.5 million. The company, which joined the FTSE 250 in June, said increased demand, expansion of services and fee increases drove growth.

An interim dividend of 3.7 pence per share will be paid, up 23% from 3.0 pence in 2023.

The company said the "strong" first half performance "underscores the recurring nature of the XPS business model". The company said it is "confident" of achieving full year results in line with recently upgraded expectations.

Co-chief Executive Officer Paul Cuff said: "We are very pleased with the first half performance of the group. We have seen strong, profitable growth alongside further operational leverage as we have responded to high client demand, including in areas that we have invested in over recent years such as our risk transfer advisory capability and in public sector administration.

"Gaining entry into the FTSE 250 this summer was a big milestone on our journey. We are really excited about the future and are continuing to build on the positive momentum we have," he added.

Shares in XPS Pensions Group fell 1.1% to 354.00 pence per share in London on late Thursday morning, after opening higher.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
16 Apr 2021 14:51

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
28 Jan 2021 16:18

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
31 Dec 2020 17:12

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
26 Nov 2020 12:58

XPS Pensions Sees Interim Revenue Grow, Second Half To Be Challenging

XPS Pensions Sees Interim Revenue Grow, Second Half To Be Challenging

Read more
19 Nov 2020 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
22 Oct 2020 14:58

UK TRADING UPDATE SUMMARY: Quartix Annual Earnings To Beat Consensus

UK TRADING UPDATE SUMMARY: Quartix Annual Earnings To Beat Consensus

Read more
1 Sep 2020 16:03

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
20 Aug 2020 16:03

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
18 Jun 2020 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
28 Apr 2020 12:28

UK TRADING UPDATE SUMMARY: Zenith Latest To Join Global Drive For PPE

UK TRADING UPDATE SUMMARY: Zenith Latest To Join Global Drive For PPE

Read more
20 Mar 2020 15:57

DIRECTOR DEALINGS SUMMARY: Plus500 Team Spend GBP14 Million On Shares

DIRECTOR DEALINGS SUMMARY: Plus500 Team Spend GBP14 Million On Shares

Read more
30 Jan 2020 16:12

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
2 Jan 2020 15:57

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
28 Nov 2019 10:41

XPS Pensions Administration And Investment Units Drive Interim Revenue

XPS Pensions Administration And Investment Units Drive Interim Revenue

Read more
21 Nov 2019 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.