Edition:
India

Cenkos Securities Says Rev In H1 Lower Than Last Year


Monday, 12 Aug 2019 

Aug 12 (Reuters) - Cenkos Securities PLC ::DIRECTORATE CHANGE & TRADING UPDATE.APPOINTMENT OF JIM DURKIN AS CHIEF EXECUTIVE OFFICER.BOARD EXPECTS THAT SECOND HALF PERFORMANCE WILL BE MUCH STRONGER THAN FIRST HALF.COMPANY'S REVENUES ARE ANTICIPATED TO BE SUBSTANTIALLY SECOND HALF WEIGHTED.REVENUES IN FIRST SIX MONTHS HAVE BEEN LOWER THAN FIRST HALF OF LAST YEAR.JIM DURKIN GOT REGULATORY APPROVAL FROM FCA FOR POSITIONS OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER OF COMPANY.EXECUTION OF OUR PIPELINE WILL LIKELY BE INFLUENCED BY EVOLVING POLITICAL AND ECONOMIC OUTLOOK.CONFIRMS THAT A NUMBER INDIVIDUALS WITHIN CO'S INVESTMENT COMPANIES TEAM HAVE TENDERED THEIR RESIGNATIONS.RESIGNATIONS EXPECTED TO HAVE LIMITED IMPACT ON REVENUES AND NET CONTRIBUTION OF CO FOR FY ENDED 31 DEC 2019.EVOLVING POLITICAL AND ECONOMIC OUTLOOK WILL LIKELY HAVE IMPACT ON OUR CORPORATE AND INSTITUTIONAL CLIENTS. 

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44.5
0.0 +0.00%
17 Sep 2019