Numis results don’t convince market

AIM-listed financial services firm Numis (LON:NUM) saw its share price sink by 2.91% to 334p (as of 15:40 GMT) after posting results for the year ended 30th September. Revenues for the year were up by 38.8% and pre-tax profits climbed by 198%, but management warned that the macro outlook remained uncertain.

CEOs Alex Ham and Ross Mitchinson commented: “This year was one that we could not have planned for or envisaged. However, in response, we have achieved an excellent performance, strengthened the business and remained constant to our core beliefs, our strategy and ambition.

“We are proud of the strength of our core corporate client relationships, which have been built up over many years and truly came into their own this year as we were able to support our clients through their refinancing activities and raise equity to take advantage of emerging growth opportunities. Similarly, our commitment to providing deep research expertise and experience has been valuable for our clients for many years, and in this tumultuous year it has been appreciated even more.“