Jarvis Securities plc
10 April 2007
JARVIS SECURITIES PLC
('Jarvis' or 'the Company')
First Quarter Trading Statement
As anticipated in the last Annual Report, trading conditions have been
favourable to the Company and the Directors are pleased to announce that it has
made a very strong start to the year with turnover up 21 per cent and profit
before tax up 101% on the same period in 2006.
Turnover and profits are both significantly ahead of the corresponding period
for the previous financial year and have also exceeded market expectations.
Retail client numbers have risen by 5 per cent and funds under management are
also up by 11 per cent in the three months to 31st March.
Outside of the retail area, Jarvis has entered into five new settlement
agreements with commercial clients, bringing the total number to thirteen. These
contracts alone represent guaranteed minimum revenues of more than £280,000.
However, as these businesses expand their own operations it is expected that the
actual revenues will significantly exceed this level. Furthermore, with its
growing reputation in the marketplace, the Directors are confident that the
Company is poised to sign further potential settlement and administration
clients.
The Board remains confident about the prospects for Jarvis for the remainder of
the financial year and given the current performance it is expected that the
interim dividend will be increased over the prior year.
For further information:
Jarvis Securities plc
Mathew Edmett Tel: 0870 224 1111
Daniel Stewart & Company plc
Stewart Dick Tel: 0207 776 6550
City Road Communications
Paul Quade/Keith Lewis Tel: 020 7248 8010
This information is provided by RNS
The company news service from the London Stock Exchange