Jarvis Securities reported Thursday profits slipped modestly, as Brexit uncertainty and low investor confidence weighed on performance.

For the 12 months ended 31 December 2018, profit before tax rose 2.4% to $1.31m, and revenue grew 8.7% to £10.1m.

The company blamed the slip in profits on the 'tougher conditions experienced in the final quarter of the year remain at the time of writing, fuelled by economic uncertainty and low investor confidence.'

Revenues were increased through 'restructuring our commercial fee tariffs and providing additional revenue generating services to our commercial clients,' the company said.

The company raised the dividend by 4.2% to 24.5p a share.

'I am optimistic about the coming year. 2019 will benefit from a full year of the additional services and fee tariffs that were introduced in June 2018. The second half of 2018 substantially outperformed the first six months and we would have had another record year had these been in place for the full 12 months,' said Andrew Grant, Chairman.

'There are no significant cost increases anticipated, but most importantly there are no further major pieces of regulation to adopt. This will leave management and staff to focus on developing and growing the business.' At 9:13am: (LON:JIM) Jarvis Securities PLC share price was +7p at 502p