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Financial Services

Numis Corporation delivers healthy rise in profits in full year to September

The company also reports a strong start to the 2021 financial year

Numis Corporation PLC (LON:NUM) has delivered a 39% boost to revenues in the year to September 2020.

The financial services group delivered strong growth in average deal fees and capital raising activity, which boosted investment banking revenue by 37%.

The equities division delivered an even stronger performance.

The corporate client base now includes 62 LSE350 companies, with an average market capitalisation of more than £1bn.

Overall, sales came in at £154.9mln, with profits up by nearly 200% at £37mln and the dividend maintained at 12p.