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Acquis Exchange losses narrow as revenue more than doubles

By BFN News | 02:58 PM | Tuesday 17 September, 2019


Share-trading hub Acquis Exchange, which recently agreed to acquire London's NEX Exchange, narrowed its first-half losses after it boosted revenue. Pre-tax losses for the six months through June amounted to £0.6m, compared to losses of £3.7m on-year. Revenue more than doubled to £3.4m, up from £1.3m. The NEX Exchange deal remained subject to approval from the UK's Financial Conduct Authority. 'We were delighted to announce in July our agreement to acquire the NEX Exchange, marking our intention to enter the primary listings market, taking us another significant step forward towards achieving our ambition to become the leading exchange services group in Europe,' chief executive Alasdair Haynes said. 'While we anticipate the current political and economic uncertainty will continue to impact market participants in the short to medium term, we have proven we have the right model, team, technology and vision to deliver shareholder value and look to the future with confidence.' At 2:58pm: (LON:AQX) Aquis Exchange Plc Ord 10p share price was +15p at 490p Story provided by StockMarketWire.com

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