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VSA Capital Group PLC - London-based Investment banking and broking firm - Reports a 65% decline in pretax profit in the year ended March 31. Figure falls to £68,374 from £194,097 the previous year. Firm posts first revenue in the year, however, at £3.6 million. Describes its final quarter as ‘exceptionally tricky’. VSA had its IPO on September 9, this was the company's first year of reporting as a listed company on the Aquis Growth market.
Looking forward, Chair Mark Steeves said: ‘The current year is undoubtedly challenging but we are cautiously optimistic.’ Expects a strong to have a strong second half and post a profit in the year ending March 31, 2023.
Current stock price: 21.5 pence, up 2.4% from 21p IPO price
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