Novia reports 31% rise in overall profitability in 2021 - latest results

Adjusted EBITDA reaches £6.7m

clock • 1 min read
Novia reports 31% rise in overall profitability in 2021 - latest results

Adviser platform Novia Financial’s operating profit after adding back depreciation, amortisation and non-trading items increased by 31% to £6.7m in 2021, according to its latest financial results.

The Ana-Cap owned platform business also saw its assets under administration (AUA) rise by 6% to £8.9bn at year-end, an increase of £522m in the year. Its revenue rose by 14% to £27.8m, up from ...

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