33% rise in pre-tax profit for STM Group

Cross-border financial services firm STM Group has reported it had £1.6m ($2.04m, €1.86m) in profit before tax for the 12 months ending 31 December 2022.

This was a 33% rise from £1.2m the year before.

The group also announced revenues of £24.1m (2021: £22.4 million). This £1.7m increase in revenue was “largely due to the acquisition of the Mercer books”, which contributed £800,000 of revenue in the year, and revenue growth in the life companies of £1.5m.

The sale of the corporate trustee service companies in 2021, which contributed £800,000 of revenue that year, account for the balance in this movement.

STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.

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STM Group plc

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