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Argentex to pay maiden dividend as annual profit jumps on strong demand

By BFN News | 09:47 AM | Monday 03 August, 2020


Foreign exchange services provider Argentex said it would pay its maiden dividend after reporting a jump in annual profit as revenue increased by nearly a third, owing to an increase in demand. For the year ended 31 March, pre-tax profit rose to £10.2m from £2.1m on-year as revenue increased 32% to £28.9m. 'Revenue growth (was) driven by continued strong client demand and increased client activity,' the company said. In line with its stated dividend policy, the company said it would be paying a maiden dividend of 2p per share. 'After a strong start as a listed company we remain confident of the group's long-term prospects despite the uncertain macro outlook,' the company said. At 9:47am: (LON:AGFX) share price was -9p at 160p Story provided by StockMarketWire.com

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