5 May 2010

Numis Corp Swings To First Half Profit As Markets Rebound (Dow Jones)

Stockbroker Numis Corp. PLC (NUM.LN) Wednesday said it swung back to profit for its fiscal first-half, following a rebound in equity markets and an increase in corporate activity.
Numis said having weathered the downturn, it is well placed to benefit from the upturn.
Numis reported a pretax profit of GBP6.14 million for the six months to March 31, compared with a loss of GBP6.35 million a year earlier. Revenue surged 63% to GBP31.3 million.
Earnings were aided by a big increase in funds raised by corporate clients and three initial public offerings.