Argentex revenues rise following AIM listing

Foreign exchange service Argentex continued to build on revenues during the six months ended 30 September thanks to increased client numbers and volume.

Argentex recorded revenues of £9.3m in the three months since the group's admission to the London Stock Exchange, while interim underlying revenues for the firm's FCA-regulated trading subsidiary came to £13.8m - a 45% year-on-year increase.

The AIM-listed group said its performance was driven by growth in both client numbers and the volume of currency volume traded and assured investors that its IPO had furthered its ability to support increasing trading volumes going forward.

Chairman Lord Digby Jones said: "We are pleased with the company's performance during the period, which reinforces our confidence in meeting expectations for the current financial year and in the group's long-term prospects."

Argentex will release its fully audited interim results on 20 November.

As of 0835 BST, Argentex shares were up 3.94% to 145.52p.