Business
Interim Results - Six months
Interim Results - Six months.
About this update from Jarvis Securities Plc
[{"type":"text","content":"\n RNS Number : 0992Q Jarvis Securities plc 29 July 2010 \n \n\n29 July 2010\n \nJarvis Securities plc\n \n(\"Jarvis\", the \"Company\" or the \"Group\")\n \nInterim Results for the six months ended 30 June 2010\n \nHighlights:\n \n· Average daily trade volumes up 62% on the first six months of 2009\n· Client numbers up 68% on 30 June 2009 \n· Client cash balances up 58% on 30 June 2009\n· X-O.co.uk low-cost internet dealing service successfully launched\n· Revenue up 10% and profit before tax of £0.8 million.\n· Revenue excluding interest turn up 20% on six months ended 30 June 2009\n· Third interim dividend of 2p per ordinary share declared\n \nAndrew Grant, Chairman and Chief Executive, commented: \"These results are particularly pleasing for all concerned as they demonstrate that the efforts and internal changes undertaken over the last two years has enabled us to produce good results without reliance on interest income and that there is a fundamental business plan that works.\"\n \nEnquiries: \n \nJarvis Securities plc Tel: 01892 510515 \nAndrew Grant \n \nArbuthnot Securities Tel: 020 7012 2000 \nAlasdair Younie \n \n \nNotes: \nJarvis Securities plc is the holding company for Jarvis Investment Management Limited (AIM: JIM.L) a stock broking company and outsourced service provider for bespoke tailored financial administration. Jarvis was established in 1984 and is a member of the London Stock Exchange; a broker dealer member of PLUS Markets, authorised and regulated by the Financial Services Authority and an HM Revenue & Customs approved ISA manager. Jarvis has more than 50,000 retail clients and a growing number of institutional clients. As well as normal retail broking Jarvis provides cost effective and flexible share trading facilities within ISA and SIPP wrappers. \n \nJarvis provides outsourced and partnered financial administration services to a number of third party organisations. These organisations include advisers, stockbrokers, banks and fund managers. Jarvis c...