KUALA LUMPUR: Mercury Securities Group Bhd
remains steadfast in boosting revenue and streamlining operational expenses.
It said key strategies encompass broadening the share margin financing portfolio, upgrading the online trading platform with algorithmic features to capture a larger market, expanding in-house trading groups, and reinforcing the corporate finance division by hiring additional personnel.
“Mercury Securities will also be introducing new products and services to further diversify its revenue channels and thereby expand its clients base.
“With these strategies in place, the group is poised to navigate future challenges and capitalise on opportunities for the group’s continued growth and performance,” it said in a statement.
For the full financial year ended Oct 31, 2023, Mercury Securities posted a net profit of RM8.4mil, or earnings per share of 3.06 sen on revenue of RM27.4mil.
There are no comparative year-on-year figures as Mercury Securities was only listed on the ACE Market of Bursa Malaysia on Sept 19, 2023.
The group has declared a maiden interim dividend of 0.5 sen per share based on the entitlement date of Jan 12, 2024 whilst the payment date has been fixed on Feb 2, 2024.
“Our credible performance this quarter, evidenced by a meaningful increase in revenue and a healthy gross profit margin, demonstrates the effectiveness of our business strategies. 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,” Mercury Securities said.
