Cenkos Securities PLC (AIM:CNKS) shares slid almost 15% on Friday morning following the stockbroker’s 2022 annual earnings call.
Revenues for the group saw a 46% decline while underlying profit fell a mammoth 95% to barely break even at £200,000.
Basic earnings per share went from 7.1p in 2021 to -4.9p in 2022, and the dividend was slashed from 4.25p to 1.5p.
Chief executive Julian Morse commented: "Despite the AIM market experiencing its lowest levels of activity for almost two decades, a continued attention to cost control, paired with a resolute focus on our strengths, has allowed us to find opportunity despite the volatility."
Shares were seen changing hands at 46p with a market value of £26mln as of 9.30am, 10 March.