Unaudited Interim Results for the six months ended 30 June 2013
03 September 2013
STM Group PLC (AIM: STM), the international financial services group, is pleased to announce its unaudited interim results for the six months ended 30 June 2013.
DownloadThe full results are available to |
Key Points:
| 2013 | 2012 | |
| Revenue | £6.6m | £5.1m |
| Earnings before interest, taxation, depreciation and amortisation ("EBITDA") | £0.8m | £0.6m |
| Profit after taxation | £0.5m | £0.0m |
| Cash | £4.4m | £3.4m |
- STM Pensions remains the Group's largest division and continues to attract new business
- Profitability increasing in 2013 as Group benefits from investments made in staff and product development in 2012
- Distribution channels growing
- First proprietary product launched for German market (post period end)
Commenting on the results and the prospects for STM, Colin Porter, CEO said:
"These results demonstrate the progress made at STM in delivering on our strategic objectives.
"The transition to a product provider will complement our existing portfolio of products and services and, as we invest for the future, reinforce our position as an innovative international financial services group focussing on the needs of our clients."
For further information, please contact:
| STM Group PLC | |
| Colin Porter, Chief Executive Officer | Tel: 00 350 200 51610 |
| Alan Kentish, Chief Financial Officer | www.stmgroupplc.com |
| FinnCap | Tel: +44 (0)20 7600 1658 |
| Charlotte Stranner / Christopher Raggett - Corporate Finance | www.finncap.com |
| Simon Starr - Corporate Broking | |
| Walbrook PR | Tel: +44 (0) 117 985 8989 |
| Tom Cooper / Paul Vann | Mob: +44 (0) 797 122 1972 |
| [email protected] |
Notes to editors:
STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.
Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.
STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
Further information on STM Group can be found at www.stmgroupplc.com