Argentex PLC revenues rebound as economic mood improves
Argentex also moved successfully to new Covid-19-secure offices during the period
Second half revenues rose to £16.4mln from £15.2mln and, for the full year, Argentex now expects to report £28.1mln against £28.9mln a year ago.
Harry Adams, chief executive, said: “Despite the unexpected and challenging market backdrop, we have continued to deliver our stated growth strategy, albeit at a slower pace in this financial year.
“We are seeing a resurgence in client trading to pre-pandemic levels following the deferral of client activity during the first half and we expect that trend to continue with the arrival of a more positive macro-economic environment.”
The AIM-listed group added 665 new corporate clients (2020: 479) during the year, Adams said, which was a new record, while foreign exchange transactions rose to £12.5bn (£12bn) reflecting a return in client confidence and trading activity deferred from 2020.
Argentex also moved successfully to new Covid-19-secure offices during the period, added Adams, despite staff working remotely and the lockdown restrictions.
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2021-04-06 01:52:00