KUALA LUMPUR: Mercury Securities Group Bhd posted a net profit of RM8.38 million in its financial year ended Oct 31, 2023 (FY23) supported by its stockbroking segment.
Revenue for the period stood at RM27.41 million.
No comparative year-on-year figures were available as Mercury Securities was only listed on the ACE Market of Bursa Malaysia on Sept 19.
For the fourth quarter ended Oct 31, 2023 (Q4FY23), the company posted a net loss of RM422,000 due to a one-off non-recurring listing expenses of RM3.93 million.
Revenue for the period stood at RM8.71 million with the stockbroking segment contributing RM6.35 million, while the corporate finance segment added RM2.36 million.
"These results underscore our resilience and our all-round proficiency in a mixed market environment. We are particularly proud of our team's efforts in achieving these results and remain focused on sustaining this growth trajectory," it said.
Moving forward, the company steadfast in its commitment to driving revenue growth and optimising operating costs.
Key initiatives include expanding its share margin financing portfolio, enhancing its online trading platform with algorithmic capabilities to increase market share, enlarging its proprietary trading teams and adding corporate finance personnel to further expand the corporate finance division.
Mercury Securities will also introduce new products and services to further diversify its revenue channels and thereby expand its clients base.
The company declared an interim dividend of 0.5 sen per share based on the entitlement date of Jan 12 next year.
Payment date has been fixed on Feb 2.