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At the Annual General Meeting of STM Group Plc , the cross-border financial services provider, to be held at 10am today, the Chairman, Duncan Crocker will make the following. | June 26, 2021
11 May 2021 | 08:43am
StockMarketWire.com - Cross-border financial services group STM booked a lower annual profit, partly owing to it recording a one-off bargain purchase gain in the previous year.
Pre-tax profit for the year through December decreased to £2.0 million, down from £3.9 million year-on-year.
Revenue increased to £24.0 million, from £23.3 million, though underlying pre-tax profit before the bargain purchase gain fell to £2.4 million, down from £2.6 million.
STM declared a full-year dividend of 1.4p per share, down from 1.5p year-on-year. Whilst the year has had challenges, we have achieved a great deal in progressing our three-year transformation and growth strategy, chief executive Alan Kentish said.