Jarvis Securities First Half Profit Higher On Solid Trading

LONDON (Alliance News) - Jarvis Securities PLC saw its shares rise in early trade on Thursday after posting a rise in pretax profit for the first half of 2015.

The company, which owns the Jarvis Investment Management financial services business, said its pretax profit for the six months to the end of June was GBP1.8 million, up from GBP1.7 million a year earlier. Revenue rose to GBP4 million from GBP3.7 million.

The group's cash under administration increased by 14% in the half year-on-year, while its client numbers are up by 7%.

Jarvis shares were up 3.5% to 447.5001 pence on Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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Jarvis Securities