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Numis Corporation

  • BY: Andrew Hore |
  • POSTED: 02/05/2012 |

Aim adviser Numis Corporation reported a drop in underlying profit in the six months to March 2012.

Interim revenues declined from £26.5m to £23.3m, with lower revenues coming from institutional income. Underlying pre-tax profit fell from £4.1m to £2.6m but it is a loss if employee share schemes are taken into account.

Cash and collateral balances are steady at £40.8m. The interim dividend was unchanged at 4p a share.

Numis has 48 Aim clients and it advised on the bids for Hamworthy and Group NBT. In the first half, Numis raised £177m for all of its quoted clients, down from £205m, but it has already raised £134m in the second half.

Shares in Numis rose 9p to 90p, valuing the broker at £102.8m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf

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