The International Stock Exchange increased revenue, profit and earnings per share during 2020, despite the Covid-19 pandemic.
The International Stock Exchange Group Limited (TISEG) has released its latest Annual Report which shows record revenues of £8.4 million, a 4.2% increase in post-tax profit to £3.6 million 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 The International Stock Exchange (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.
Charlie Geffen, Chair of TISEG, said: “It is pleasing that we have continued to make successful progress both organisationally and with increased profitability against the backdrop of the pandemic. At the 2020 AGM we announced a revised growth strategy which is an important step in the diversification of our products, geographies and markets. Our strong financial position gives us the ability and time to execute on our plans and Cees Vermaas’ experience from several major international exchange groups is already proving invaluable in achieving our goals”.
The revised strategy includes a focus on growing TISE’s share of the European professional bond market. Anthony Byrne was appointed as Head of Bond Markets at TISE in February 2021, having previously held senior positions at both the Irish Stock Exchange and Euronext.
Cees Vermaas (pictured above), CEO of TISEG, said: “TISE has solid foundations in the international exchange industry and we are determined to unlock its full potential by following through and delivering on our ambitious new strategy. We are investing in enhancing our technology to ensure that we can maintain high standards of client service in our specialist markets while also diversifying our 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”.
A copy of the TISEG Annual Report for the year ended 2020 is available here.
