Cenkos reckons profits are solid

Marion Dakers
STOCKBROKER Cenkos Securities has posted a slight fall in revenues and profits, which boss Jim Durkin said was “a solid, profitable performance”.

Cenkos, which focuses on small and mid-cap companies, said it had 122 clients on its books at the end of June, up from 118 a year ago.

Profits before tax from continuing operations fell from £2.5m to £2.3m, due in part to dividend payments, the firm said.

Revenues fell one per cent to £20m amid quiet equity markets.