Numis takes revenue hit, but sees improvement on the horizon

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Numis takes revenue hit, but sees improvement on the horizon
Master Investor Magazine

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AIM-listed financial services provider Numis (LON:NUM) announced that it has been trading well in recent weeks, despite facing an unstable political climate during the six months ended 31st March. Despite this, revenues for the half year are expected to be roughly 26% below those during the same period of the prior year.

While activity levels on the UK markets have been low, the company has made market share gains and average fees having risen. Management also said that the company’s pipeline has been strengthening with a notable increase in M&A opportunities in recent weeks.

Numis shares dropped by 1.96% to 250p (as of 15:20 GMT).

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