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Fiske net assets rise as trading losses narrow

By BFN News | 09:26 AM | Wednesday 26 February, 2020


Asset manager and stockbroker Fiske reported a rise in net assets amid narrower losses in its trading business underpinned by higher fees and commission revenue. For the six months ended 30 November 2019, net assets grew to £7.8m from £5.5m on-year, as pre-tax operating losses narrowed to £158K from £344K. Fee and commission revenues rose by £334K, or 15%, with investment management fee revenues up 19% and commission revenues up 12%. 'Assuming no significant deterioration in trading conditions, the board remains confident that the group will continue to make further progress in 2020,' the company said. At 9:26am: (LON:FKE) Fiske PLC share price was 0p at 59p Story provided by StockMarketWire.com

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