Walker Crips Group plc
13 February 2008
Walker Crips Group Plc
Interim Management Statement
Walker Crips Group Plc ('WCG'), the integrated financial services group, is
today issuing the following Interim Management Statement, as required by the EU
Transparency Directive and FSA requirements. The statement relates to the
trading period from 1 October 2007 to 31 December 2007 (the 'Relevant Period').
WCG's net revenue for the Relevant Period, the third quarter of its financial
year 2007-08, increased by 2.5 per cent. to £3.6m over the comparable period in
the prior year. Adding to the results announced in the Interim Report, net
revenues for the nine months ended 31 December 2007 increased by 8 per cent. to
£10.8m (2006: £10.0m).
WCG's key performance indicator, non-broking revenue expressed as a percentage
of total income, improved slightly in the nine months to 31 December 2007 to
48.2 per cent. (six months to 30 September 2007: 48.1 per cent).
Funds under Management (FUM) increased by 32.4 per cent over the Relevant Period
to stand at £425m at 31 December 2007 (30 September 2007: £321m). There have
been no significant changes to the balance sheet since the half year end.
Whilst our asset management and financial services divisions are performing in
line with expectations, current volatile markets are impacting volumes in our
stockbroking business and, as a result, the group's performance in the final
quarter of the year, which has traditionally been our busiest period, is likely
to be more subdued. Our diverse product range and increasing FUM should assist
WCG to better withstand the current investment conditions.
13 February 2008
Enquiries: Philip Gilfillan (Financial Controller) Tel: 0203 100 8211
This information is provided by RNS
The company news service from the London Stock Exchange
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