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Financial Services

Argentex slips after reporting slower growth

Shares in Argentex Group PLC (AIM:AGFX) fell 5% to 120.9p after the currency management group reported slower growth in the past quarter.

Confirming nine-month results to the end of December, the company reported 63% revenue growth to £41mln and adjusted operating profit of £9mln compared to £11mln in the previous full year.

As it transitions to a December year-end from its current March conclusion, it said revenues increased 54% to £50.4mln compared to the same period last year.

It said the latest quarter to March had seen revenue growth slow to 34%, with £12.7mln taken, though every division was said to be "delivering in line with or ahead of management expectations".

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