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Jarvis Securities reported a 15% rise in profits as momentum continued into the first of the year with revenues up 9%, though the company said it expected market volumes to remain at the lower end in the near term.
For the six months ended 30 June, pre-tax profits rose 15% to £315,878 as revenues increased 9% to £429,330 from a year earlier.
But cash under administration decreased 1.8% from a year earlier.
'Whilst I anticipate market volumes to remain at the lower end of the spectrum in the near term, these conditions cannot prevail indefinitely and once market volumes return to a more normal level we are well positioned to capture financial benefits,' said Andrew James Grant, Chairman & Chief Executive.
At 9:18am: (LON:JIM) Jarvis Securities PLC share price was +36p at 478p