(Alliance News) - IntegraFin Holdings PLC on Thursday reported record profit and revenue figures for its first half, helped by increased confidence in world equity markets.
In the six months to March 31, IntegraFin generated record revenue of GBP59.4 million, up 10% from GBP53.8 million a year prior.
The investment platform posted pretax profit of GBP31.2 million, 12% higher year-on-year.
As at March 31, IntegraFin reported GBP46.93 billion in funds under direction on its Transact platform, an increase of 34% from GBP34.99 billion reported at the same date a year previously.
"Demonstrating our strength and continuing growth, we have delivered record first half year profits," commented Chief Executive Alex Scott.
"Our Transact platform has again seen its highest ever gross and net inflows over the period. Coupled with increased confidence in world equity markets, driven by the positive outcomes from Covid-19 vaccination programmes, these flows have helped drive growth in FUD, generating record revenue in the period."
The number of clients using its Transact platform increased to 201,000, a rise of 7% from a year previously.
For the six month period IntegraFin will pay an interim dividend of 3.0 pence per share, up from 2.7p last year.
Shares in IntegraFin were up 0.4% at 536.00 pence in London on Thursday.
By Will Paige; willpaige@alliancenews.com
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IntegraFin Holdings (IHP)