XPS Pensions Posts Jump in 1H Pretax Profit

- Advertisement -


by Sabella Ojes

- Advertisement -
- Advertisement -

XPS Pension Group Plc on Thursday reported a significant increase in pretax profit for the first half of FY 2022 and said full-year results are expected to be in line with management’s expectations.

The UK pension consultancy posted a pretax profit of £7.1 million ($9.5 million) for the six months ended September 30, compared to GBP 2.8 million for the same period a year ago.

- Advertisement -

It said revenue grew to GBP67.3 million from GBP61.4 million in the year-ago period, due to higher levels of customer activity and new business wins.

The board has declared an interim dividend of 2.4 pence per share from 2.3 pence for the same period a year ago.

“We anticipate that current high levels of customer activity will continue, and we are pleased that not only has our new business pipeline returned to pre-pandemic levels, but we are also winning high profile customers. Remains confident in the long term opportunities for the group,” the London-listed company said.

Write to Sabela Ojea at [email protected]; @sabelaojeaguix

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox