Bermuda Stock Exchange-listed Shore Capital Group Ltd has seen its revenue rise 26.5 percent and before-tax profits increase by 50.1 percent year-over-year, its unaudited interim results for the six months ended 30 June show.

Shore Capital, a financial services organisation that specialises in equity capital market activities, alternative asset management and principal finance, is incorporated in Guernsey while the UK is its main country of operation.

Announcing its results, the company stated that the revenue rise of 26.5 percent amounted to £22.5 million compared to 2013 numbers of £17.8 million, while their profits before tax (PBT) increase of 50.1 percent translated to £5 million, compared to 2013 when profits were £3.3 million, equivalent to 92 percent of PBT for the full year 2013.

Earnings per share were up 49.4 percent to 12.4p, compared to 8.3p, while adjusted earnings per share were up 56.6 percent to 13.0p excluding costs relating to share options, compared to 8.3p for 2013. Shore Capital noted that this result has been adjusted to reflect a share reorganisation that took place in December 2013.

The company declared an interim dividend per share of 5.0p, compared to 2013 numbers of 4.0p, with a balance sheet that “remains strong” according to the results announcement, with liquidity of £34.1 million.