Numis Corporation announced its full year results for the year ended 30 September 2019. PBT and EPS decreased 60.7% and 64.9% to £12.4m and 8.8p, respectively. Cash was £84.2m as of 30 September 2019, reflecting trading book movements and cash outflows relating to dividends and share repurchases. Full year dividend was maintained at 12p.
Investment Banking revenues were 16% lower than last year due to a substantial decline in UK deal activity. Market share gained in equities, but revenue was down 21%, reflecting weak UK investor sentiment and lower trading profits.
Alex Ham and Ross Mitchinson, Numis Corporation’s Co-Chief Executive Officers, said: “We continue to be actively focused on our clients and believe we are better positioned than ever to continue winning market share, achieving progress against our strategic objectives, and returning to delivering strong growth as and when market conditions improve.”