Jarvis Securities Regulatory News (JIM)

10 Apr 2007 07:01

Jarvis Securities plc10 April 2007 JARVIS SECURITIES PLC ("Jarvis" or "the Company") First Quarter Trading Statement As anticipated in the last Annual Report, trading conditions have beenfavourable to the Company and the Directors are pleased to announce that it hasmade a very strong start to the year with turnover up 21 per cent and profitbefore tax up 101% on the same period in 2006. Turnover and profits are both significantly ahead of the corresponding periodfor the previous financial year and have also exceeded market expectations.Retail client numbers have risen by 5 per cent and funds under management arealso up by 11 per cent in the three months to 31st March. Outside of the retail area, Jarvis has entered into five new settlementagreements with commercial clients, bringing the total number to thirteen. Thesecontracts alone represent guaranteed minimum revenues of more than £280,000.However, as these businesses expand their own operations it is expected that theactual revenues will significantly exceed this level. Furthermore, with itsgrowing reputation in the marketplace, the Directors are confident that theCompany is poised to sign further potential settlement and administrationclients. The Board remains confident about the prospects for Jarvis for the remainder ofthe financial year and given the current performance it is expected that theinterim dividend will be increased over the prior year. For further information: Jarvis Securities plc Mathew Edmett Tel: 0870 224 1111 Daniel Stewart & Company plc Stewart Dick Tel: 0207 776 6550 City Road Communications Paul Quade/Keith Lewis Tel: 020 7248 8010 This information is provided by RNS The company news service from the London Stock Exchange