Walker Crips Regulatory News (WCW)

13 Feb 2008 07:00

Walker Crips Group plc13 February 2008 Walker Crips Group Plc Interim Management Statement Walker Crips Group Plc ("WCG"), the integrated financial services group, istoday issuing the following Interim Management Statement, as required by the EUTransparency Directive and FSA requirements. The statement relates to thetrading period from 1 October 2007 to 31 December 2007 (the "Relevant Period"). WCG's net revenue for the Relevant Period, the third quarter of its financialyear 2007-08, increased by 2.5 per cent. to £3.6m over the comparable period inthe prior year. Adding to the results announced in the Interim Report, netrevenues for the nine months ended 31 December 2007 increased by 8 per cent. to£10.8m (2006: £10.0m). WCG's key performance indicator, non-broking revenue expressed as a percentageof total income, improved slightly in the nine months to 31 December 2007 to48.2 per cent. (six months to 30 September 2007: 48.1 per cent). Funds under Management (FUM) increased by 32.4 per cent over the Relevant Periodto stand at £425m at 31 December 2007 (30 September 2007: £321m). There havebeen no significant changes to the balance sheet since the half year end. Whilst our asset management and financial services divisions are performing inline with expectations, current volatile markets are impacting volumes in ourstockbroking business and, as a result, the group's performance in the finalquarter of the year, which has traditionally been our busiest period, is likelyto be more subdued. Our diverse product range and increasing FUM should assistWCG to better withstand the current investment conditions. 13 February 2008 Enquiries: Philip Gilfillan (Financial Controller) Tel: 0203 100 8211 This information is provided by RNS The company news service from the London Stock Exchange