Record PLC (LON:REC) said its assets under management equivalents (AUME) remained largely flat in the first half, sending its shares higher.
The specialist currency manager on Friday said its AMU in US$ terms held firm at US$61.8bn in the six months to the end of September compared to US$62.2bn in the same period a year ago.
READ: Record shares decline as it posts dip in quarterly assets on client outflows
The company also said that its pretax profit rose 5% to £4.0mln during the period, while margins remained resilient at 32% compared to 31% a year earlier, despite tough competition across the industry.
Record held the interim dividend at 1.15p a share and said it was encouraged by the range of new business opportunities across its products and geographies.
"Competition and fee pressure in passive hedging, in particular, continue to put pressure on operating margins. Our approach of investing in innovative solutions to meet client demand requires ongoing investment both in systems and people,” CEO James Wood-Collins said in a statement.
"We are focused on maintaining the highest levels of client service and innovation with the aim of taking full advantage of the opportunities arising, and of making further progress in the second half of the financial year,” he added.
Shares in the company were 5% up at 31.81p in early trade,