Record PLC (LSE:REC) (Record PLC (LSE:REC)) Leslie Hill joins Proactive to talk about the drivers behind the 38% jump in the six months revenues which ended September 30 and the reasons behind lifting its interim dividend.
She highlights the benefits of its growth strategy which are starting to be reflected in the financial performance. In particular, the company noted progress in its frontier currency and sustainable bond portfolios, where it aims to grow through partnerships.
First-half revenue amounted to £16.3mln, from £11.8mln, in line with management fees increasing 44% to £16.1mln, while operating margin improved to 32% from 22%. Profit before tax doubled to £5.2mln.