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Cenkos doubles divi as pre-tax profits soar

By BFN News | 08:51 AM | Wednesday 17 September, 2014


Institutional stockbroking group Cenkos Securities' pre-tax profits soared by 653% to £23.5m ijn the six months to the end of June. Revenues were up 226% at £65.2m and basic earnings per share rose by 700% to 31.2p while the interim dividend is doubled to 7.0p per share. Chief executive Jim Durkin said: "Our successful strategy of being a leading UK institutional broker to listed growth companies has led to us being profitable in every year since our formation in 2005. This approach continues to bear fruit and I am pleased to report a very strong performance for the first six months of 2014. "Revenues, profits and earnings per share all increased significantly. The first half results reflected the completion of a particularly large transaction in addition to the completion of a good number of regular transactions." At 8:51am: (LON:CNKS) Cenkos Securities PLC share price was +29p at 245p Story provided by StockMarketWire.com

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