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Nucleus Financial profit rises; suspends final dividend due to Covid-19

By BFN News | 09:12 AM | Tuesday 07 April, 2020


Investment platform provider Nucleus Financial posted a 25% rise in annual profit but decided not to pay a final dividend due to uncertainty caused by Covid-19. Pre-tax profit for the year through December increased to £6.0m, up from £4.8m on-year. Revenue rose 4.8% to £45.2m, though adjusted profit fell 5.0% to £7.3m as operating margin fell to 17.5% from 19.2%. 'The board will continue to assess the situation and the appropriateness of paying a second interim dividend relating to the financial year ended 31 December 2019,m' Nucleus said. At 9:12am: (LON:NUC) Nucleus Financial Group Plc Ord 0.1p share price was +1p at 125p Story provided by StockMarketWire.com

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