(Alliance News) - IntegraFin Holdings PLC on Thursday reported a higher interim profit as increased funds under direction and net flows growth pushed up revenue.
The company's pretax profit for the six months ended March 31 amounted to GBP27.3 million, a 22% rise from GBP22.4 million the year prior as revenue rose 13% to GP53.8 million from GBP47.6 million.
Funds under direction rose 1.7% to GBP34.99 billion from GBP34.41 billion and gross inflows rose 14% to GBP3.2 billion from GBP2.8 billion, driving revenue growth.
IntegraFin declared an interim dividend of 2.7 pence per share, up from 2.6p the year before.
Chief Executive Alex Scott said: "Performance in the second half of the year will very much depend upon the effects of measures taken to combat Covid-19 and their impact upon the economy, the equity markets, [funds under direction] and flows."
Scott highlighted that all of its staff are working from home and it is not using any of the schemes which come under the National Temporary Framework for State Aid, with no staff furloughed.
Shares in IntegraFin were up 0.1% at 498.00p in London on Thursday.
By Anna Farley; annafarley@alliancenews.com
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IntegraFin Holdings (IHP)