Guernsey Press

The International Stock Exchange increases revenue and profit

THE International Stock Exchange increased revenue, profit and earnings per share during 2020 - despite the Covid-19 pandemic.

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Charlie Geffen, chair of TISEG. (29370816)

The International Stock Exchange Group Ltd - which is headquartered in Guernsey - has released its latest annual report which shows record revenues of £8.4m., a 4.2% increase in post-tax profit to £3.6m. and an increase in earnings per share to 128.4p during the year ended 31 December 2020.

As previously announced, during 2020 there were 831 newly listed securities on TISE, which is the second highest annual total of new listings since the inception of the exchange. This took the total number of listed securities on TISE’s official list to 3,162 at 31 December 2020.

‘It is pleasing that we have continued to make successful progress both organisationally and with increased profitability against the backdrop of the pandemic,’ said Charlie Geffen, chair of TISEG.

He added the business's strong financial position gave it the ability and time to execute its revised growth strategy, which includes a focus on growing TISE’s share of the European professional bond market.

Cees Vermaas, CEO of TISEG, said the strategy would build on solid foundations and unlock the exchange’s full potential, with investment in technology to deliver high client service while diversifying the product offering.

‘A post-Brexit world provides a changing landscape in financial services and we will continue to put ourselves in the best possible position to both shape and take the opportunities that emerge from the dynamic international environment,’ he said.