PLUS1
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Advfn Plc | LSE:AFN | London | Ordinary Share | GB00BPT24C10 | ORD 0.2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.0% | 51.00 | 47.00 | 55.00 | 51.00 | 50.00 | 51.00 | 403 | 08:00:27 |
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| General Financial | 9.1 | 1.6 | 6.3 | 8.1 | 13 |
ADVFN Swung to Pretax Profit for Fiscal Year 2021 on Higher Revenue
10/11/2021 8:40am
Dow Jones News
Advfn (LSE:AFN)
Historical Stock Chart
From Jun 2021 to Jun 2022
By Xavier Fontdegloria
ADVFN PLC on Wednesday reported a swing to a pretax profit for fiscal 2021 on higher revenue as the business was boosted by Covid-19 related lockdowns, a boom in cryptocurrency markets and the rise of a new generation of investors.
The London-listed provider of financial information posted a pretax profit of 1.6 million pounds ($2.2 million) for the year ended June 30, compared with a pretax loss of GBP349,000 a year earlier.
The company said revenue increased 28% to GBP9.1 million from GBP7.1 million a year ago.
ADVFN said that measures to cope with the Covid-19 pandemic over the period raised interest in trading and investing, increasing the company's subscriptions and advertising revenue. A growing interest in the cryptocurrency market and activity coming from a new generation of traders also provided tailwind to the business, it said.
The company declared a dividend of 1.5 pence a share for fiscal 2021.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
November 10, 2021 03:25 ET (08:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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