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finnCap Group PLC - London-based stockbroker - Pretax profit in the financial year ended March 31 falls to £8.1 million from £8.4 million a year ago, as share based payment charge widens to £1.1 million from £744,000. Revenue rises 13% to £52.5 million from £46.6 million. Pays a total dividend of 1.75 pence per share, up 17% from 1.5p a year ago. Expects revenue and its overall financial performance to be ‘substantially’ lower in financial 2023.
Regarding its low outlook, explains: ‘Following the commencement of the war in Ukraine and development of broader concerns over inflation and economic growth, equity market activity in the first quarter was lower and our pipeline is much quieter than in the comparative period last year.’
Current stock price: 15.75 pence, down 11% on Thursday
12-month change: down 57%
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