Jarvis Securities reports growth in mixed 2015

During the year, the AIM-traded investment management firm saw revenue from continuing operations increase 4.1% to £7.61m, from £7.31m.

Profit before tax was up 6.27% to £3.39m from £3.19m, and total profit was up 8.37% to £2.72m, from £2.51m.

Basic earnings per share were up 7.33% to 24.46p, from 22.79p.

"I cannot help but feel a sense of déjà vu, as market conditions in 2015 have followed almost exactly the same pattern as 2014," said Jarvis Securities chairman Andrew Grant.

"In the first half of the year market sentiment was positive with the FTSE 100 share index briefly breaking through the 7,000 point barrier in April and May. This in turn led to healthy trade volumes across the market," he explained.

Grant said that during the second half of the year concerns about the Chinese economy and the impact of the fall in oil prices dominated thoughts, with prices falling across all market sectors and trade volumes declining.

Jarvis's board announced a dividend per ordinary share of 26.5p, up 60.6% from 16.5p the previous year.