Shore Capital announces its financial results for the year ended 31 December 2023
Shore Capital, the independent investment group specialising in capital markets, asset management and principal finance, has announced its results for the year ended 31 December 2023.
Commenting on the results, Howard Shore, Chairman, said:
The Group has recorded revenues of £65.2m and pre-tax profits of £7.5m for the year to 31 December 2023, delivering basic earnings per share of 18.0p.
Whilst the overall economic environment in the UK has continued to be challenging, the Group has responded robustly, increasing both its pre-tax profits and earnings per share, as we continue to benefit from our diversified business model.
Our Asset Management business has continued to record excellent inflows across its suite of investment products, growing assets under management to £1.8bn and expanding operations with the opening of a new office in Manchester.
Our Capital Markets business continued to operate profitably in very challenging market conditions. The business has supported a number of clients on significant sale and take-private activities and has been active in various secondary capital raises. The business won several new retained corporate clients in the year and is well-placed to benefit when sentiment improves.
Click here to read the full results for the year ended 31 December 2023.
Enquiries:
Shore Capital +44 (0) 20 7468 4050
Simon Fine, Co-Chief Executive
David Kaye, Co-Chief Executive
Andrew Whittaker, Non-Executive Director +44 (0) 14 8172 4222
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