Shares of K3 Capital Group PLC (K3C.LN) fell in early trade Monday after the company said some delays in transaction completions resulted in lower first-half pretax profit and revenue.
Pretax profit for the six months to Nov. 30 fell 5.0% to 3.1 million pounds ($3.9 million) from GBP3.2 million in the year-earlier period, the business sales and brokerage said.
The company said the several transactions in KBS Corporate Finance moved to the second half from the first, which lowered revenue at the brand.
First-half group revenue was GBP7.2 million, down 4.5% compared with GBP7.5 million a year before, K3 said.
The company said it expects full-year earnings to be in line with market expectations.
The board declared an interim dividend of 3.60 pence a share, up 26% on year.
Shares at 0929 GMT were down 9.5% at 249 pence.