Stock Market News
IntegraFin sees record inflows in first interim report since IPO
Fintech group IntegraFin saw revenues and profits improve across the first half of its trading year.
IntegraFin reported a 15% jump in revenue to £44.6m thanks to a 21% jump in gross inflows to £3bn in the first half of the year which helped push pre-tax profits ahead 8% to £18.7m.
The London-based firm saw "good levels" of client inflows onto Transact, its investment platform, despite market volatility in the second half of the period which affected growth in Funds Under Direction in the three months to 31 March; however, IntegraFin was able to end the interim period at £29.75bn - £1.8bn higher than it had a year earlier.
IntegraFin's operating expenses widened 20% to £25.7m and cost of sales doubled to £400,000 principally due to increased regulatory and professional fees in the months since its initial public offering back in February.
Earnings per share increased slightly to 4.4p from 4.2p.
Ian Taylor, chief executive of IntegraFin, said, "Following a successful IPO, we are pleased to announce a pleasing set of results for the first half of the year. Despite the backdrop of stock market volatility, Transact achieved its highest ever H1 inflows."
"Given our differentiated premium offering and the quality of the service we offer to advisers and their clients, we remain confident in our ability to sustain growth as we move into the second half of the year," he added.
As of 0920 BST, IntegraFin shares had ticked up 1.47% to 346p.
IntegraFin reported a 15% jump in revenue to £44.6m thanks to a 21% jump in gross inflows to £3bn in the first half of the year which helped push pre-tax profits ahead 8% to £18.7m.
The London-based firm saw "good levels" of client inflows onto Transact, its investment platform, despite market volatility in the second half of the period which affected growth in Funds Under Direction in the three months to 31 March; however, IntegraFin was able to end the interim period at £29.75bn - £1.8bn higher than it had a year earlier.
IntegraFin's operating expenses widened 20% to £25.7m and cost of sales doubled to £400,000 principally due to increased regulatory and professional fees in the months since its initial public offering back in February.
Earnings per share increased slightly to 4.4p from 4.2p.
Ian Taylor, chief executive of IntegraFin, said, "Following a successful IPO, we are pleased to announce a pleasing set of results for the first half of the year. Despite the backdrop of stock market volatility, Transact achieved its highest ever H1 inflows."
"Given our differentiated premium offering and the quality of the service we offer to advisers and their clients, we remain confident in our ability to sustain growth as we move into the second half of the year," he added.
As of 0920 BST, IntegraFin shares had ticked up 1.47% to 346p.
Related share prices |
---|
IntegraFin Holding (IHP) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price