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Self invested pension plan provider Curtis Banks maintained its interim dividend despite a fall in profit on client portfolio impairment from the impact of the Covid-19 pandemic and Brexit uncertainty.
For the 6 months to 30 June 2020, pre-tax profit fell 27% to £4.0m on-year as revenue was flat at £24.5m.
Impairment charges totalled £344K, reflecting increased uncertainty over the longevity of the current low interest rate environment.
Assets under administration increased by 4.0% to £28.6bn.
The interim dividend was unchanged at 2.5p per share on-year.
Looking ahead, the company said the current economic environment, influenced primarily by COVID-19, will continue to provide challenges within its industry.
At 8:39am: (LON:CBP) Curtis Banks Group Plc share price was +1p at 220p