STM Group profits flat as company looks to new QROPS acquisitions

clock • 1 min read

STM, the multi-jurisdictional financial services group based in Malta, announced profits and revenue on a par with 2017 as its full-year results were published this morning. The company reported revenue for 2018 of £21.4m, slightly down on £21.5m in 2017. Profit before tax for the period was £4m, the same figure as for 2017, although profit margins increased by 2% to 18%. The company described its figures as "healthy" coming in a period of "operational progress." Commenting on the results and prospects for STM Alan Kentish, CEO, said: "We are pleased with another solid profitable ye...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.