Business
Final Results
Final Results.
About this update from Jarvis Securities Plc
[{"type":"text","content":"\n \nRNS Number : 7942S Jarvis Securities plc 14 March 2019 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n14 March 2019\n Jarvis Securities plc\n(\"Jarvis\" or \"the Company\" or \"the Group\")\n \nRESULTS FOR THE YEAR ENDED 31 DECEMBER 2018\n \nHIGHTLIGHTS\n \n· 2% decrease in profit before tax\n· 7% increase in year on year interest income\n· 4% growth in dividend per share\n· 2% decrease in EPS\n \n \nCHAIRMAN'S STATEMENT\n \n· 2% decrease in profit before tax\n· 7% increase in year on year interest income\n· 4% growth in dividend per share\n· 2% decrease in EPS\n \n \nI am delighted with these results despite the small drop in the profit before tax. Revenues have increased through restructuring our commercial fee tariffs and providing additional revenue generating services to our commercial clients. The anticipated cost increases brought about by MIFID II have been offset by the higher revenue and last year's record profitability has been almost equalled in a market that over the course of the year was comparatively more difficult.\n \nThe tougher conditions experienced in the final quarter of the year remain at the time of writing, fuelled by economic...