By Michael Susin
Arbuthnot Banking Group PLC on Thursday reported a swing to a pretax revenue in 2021 on the again of decrease prices after the combination of Asset Alliance, and declared a dividend payout.
The personal and business financial institution posted a pretax revenue of 4.6 million kilos ($6.1 million), in contrast with a pretax lack of GBP1.1 million the 12 months prior. The corporate mentioned its 2020 outcomes included prices of GBP1 million associated to the acquisition of the truck-leasing enterprise Asset Alliance.
Curiosity revenue rose to GBP77.1 million from GBP75.1 million, it mentioned.
The board has resumed its dividend coverage. It declared a remaining dividend of twenty-two pence a share, reflecting the corporate’s return to profitability, it mentioned.
Write to Michael Susin at michael.susin@wsj.com