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Arden Partners

  • BY: Andrew Hore |
  • POSTED: 14/01/2015 |

Aim adviser Arden Partners reported a second half improvement in trading but profit was still substantially lower last year. 

In the year to October 2014, revenues fell from £10.1m to £8m, while the underlying profit slumped from £1.42m to £152,000. The majority of the decline was due to a swing into loss in the company’s trading investments – a valuation adjustment rather than a cash loss.

The corporate finance division increased its revenues helped by an increase in transactions from 11 to 18. The number of clients increased from 39 to 44.

Arden has cut its final dividend from 1.75p a share to 0.75p a share on the back of the profit decline. The interim dividend was passed this year, against a 1.25p a share interim the previous year.

At 45p, the shares are trading at just above the low for the past 12 months.

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