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Arden Partners

  • BY: Andrew Hore |
  • POSTED: 23/07/2013 |

Aim adviser Arden Partners improved its interim profit even though revenues were flat and the interim dividend has been increased.

In the six months to April 2013, revenues edged up from £5.63m to £5.7m. Corporate finance revenues jumped from £2.1m to £2.72m even though M&A activity remains subdued. Pre-tax profit improved from £628,000 to £1m, helped by the fact that there was no repeat of the reorganisation costs of £257,000.

Cash improved from £4.09m to £5.6m even though £1.32m was spent on share buy backs. The interim dividend is increasing from 0.65p a share to 1.25p a share.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf

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