Interim report
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Numis Corporation Plc Half Year Results for the six months ended 31 March 2021 London , 7 May 2021 Numis Corporation Plc ( “ Numis ” , “ Group ” or “ Company ” ) today announces unaudited interim results for the period ended 31 March 2021 . Highlights Strong performance across all business areas delivering a record half year revenue performance Recovery in UK equity markets and improved investor sentiment provided a favourable market backdrop Investment Banking revenues more than doubled to £ 82m Further strategic progress in building Advisory and Growth Capital Solutions revenues Equities revenue increased 27 % due to consistently strong trading gains and further market share gains with institutional clients . Dividend maintained at 5.5p in line with policy and £ 11.5m spent on share repurchases Proposed Dublin office offers strategic opportunity to leverage Capital Markets capabilities in Europe Financial highlights H1 2021 H1 2020 Change Revenue £ 115.4m £ 63.1m 82.9 % Underlying Operating profit £ 38.8m £ 9.1m 325 % Profit before tax £ 39.3m £ 7.3m 442 % EPS 25.7p 5.5p 365 % Cash Net assets £ 97.6m £ 95.3m 2.4 % £ 175.3m £ 136.7m 28.2 % Operating highlights Corporate clients Average market cap of clients Revenue per head ( annualised ) Operating margin Spend on share repurchases Notes : 185 189 ( 2.1 ) % £ 1,341m £ 692m 94 % £ 804k ₤ 449k 79 % 33.6 % 14.5 % + 19.1ppts £ 11.5m £ 5.5m 108 % 1 ) Revenue , Underlying Operating profit , Operating margin and Revenue per head all exclude investment income / losses 2 ) Diluted EPS 3 ) H1 2020 corporate clients excludes 20 Natural Resources clients given the subsequent exit from the sector Alex Ham and Ross Mitchinson , Co - Chief Executive Officers , said : " Our consistent focus on enhancing the firm's capabilities and strengthening our client relationships has contributed to an excellent and broad - based first half performance . Over the last 12 months we have generated revenues of more than £ 200m , an outcome we are particularly proud of given the range of expertise and advice demanded by our clients during this period . We also recognise the resilience and dynamism of our colleagues in achieving this performance in challenging circumstances . Attracting and developing talent will , as always , remain a priority for us as we continue to target long term strategic growth opportunities including the international expansion of our Capital Markets business .