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The International Stock Exchange has announced record revenue and profit for the first half of this year.
TISE regulates and lists bonds for investors with its base of operations in Guernsey; the latest interim report has revealed record revenues of £4.7 million for the company.
This is an increase of 16.3% and comes with a 45.4% rise in post-tax profit to £2.4 million.
“During the first six months of 2021 we have built on our strong performance in 2020 by delivering record listing volumes whilst making good progress in executing our strategy to diversify the business to sustain future growth,” said Chair of TISE, Charlie Geffen.
“I am pleased therefore to report record turnover, profit and earnings per share for the first half of the year as well as the necessary investment in our strategy.”
The group has recently launched a new Qualified Investor Bond Market as part of a strategy to grow its share of the European professional bond market.
“We have now laid the base for a more diversified and scalable business model which puts us in an excellent position to make the most of the opportunities which emerge in the coming years,” said CEO of TISE, Cees Vermaas.
Pictured top: Left to right; Mr Vermaas and Mr Geffen.
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