AIM-quoted European equities exchange operator Aquis Exchange (LON: AQX) has combined its first day on the Aquis Stock Exchange with the announcement of better than expected 2021 results showing quadrupled earnings to 16p a share. The share price rose 19.5p to 507.5p a share.
In 2021, revenues were 42% ahead at £16.2m, while pre-tax profit jumped from £470,000 to £3.22m. Net cash is £14.1m, after spending £1.1m on buying back shares.
Part of the equities exchange business has moved to Paris since the UK’s exit from the EU. The market share of pan-European trading improved from 4....
