Hume Capital reduces losses

Hume Capital reduces loss making to £0.7m in the six months ending 28 February

Hume Capital reduces losses

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Hume provides capital markets and wealth management services. The improvement has largely come from the capital markets work, which generated £0.9m.

Revenues for the half year were £3.5m with costs falling to £4.2m following a cost cutting drive. Losses per share for the six months were 0.04p versus 0.20p last year.

"We continue to make progress towards the creation of a profitable financial services group that has a reasonable spread of diversified revenues and anticipate that the second half of the current financial year will show further improvement towards that goal, " CEO Jonathan Freeman said.

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