STM Group: STM annual revenue rises amid interest income boost

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2023 is GBP28.0 million, ahead of market... STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2023 is GBP28.0 million, ahead of market expectations, as a result of higher than forecasted interest income. This is a 6.7% increase from GBP24.1 million a year ago. Adds that it incurred costs related to the acquistion of by Jambo SRC, as well as an additional GBP700,000 of exceptional costs. "These exceptional costs relate to the write down of certain non-cash items relating to the disposals of the companies and trust services subsidiaries in 2021," STM explains. Current stock price: 57.70 pence, untraded 12-month change: up 4.6% By Sabrina Penty, Alliance News reporter Comments and questions to newsroom@alliancenews.com Copyright 2024 Alliance News Ltd. All Rights Reserved.