Argentex profit jumps in H1 amid a 'surge' in trading activity, demand

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Foreign exchange services provider Argentex reported a rise in first-half profit as revenue was boosted by a 'surge' in client trading activity.

For the six-month period ended 30 September 2021, pre-tax profit rose to £4.2 million from £3.4 million year-on-year as revenue increased 33% to £15.7 million.

The company declared an interim dividend of 0.75 pence per share.

'We're delighted to be reporting a record set of H1 results with strong revenue and profit growth driven by a continued surge in client trading activity and increasing demand for our services,' the company said.