FINANCIAL adviser and broker FinnCap said yesterday it had increased market share in the past 12 months, but saw profits before tax (PBT) fall from last year.
The firm’s PBT, excluding a share-based payment charge, fell to £0.2m from £1.7m in 2011, on revenues of £9.1m.
FinnCap also said it is now the fifth largest adviser by number of clients on the LSE, and has the second largest number of AIM-listed firms.
In total it advises 98 clients.
City A.M. Reporter