Derivatives and treasury management systems firm Role & Nolan Plc saw record trading volumes in its European bureau operations in the second half of its financial year to February 29, and healthy growth in all parts of the globe; 19 new customers in Europe and an upturn in the company’s facilities management business contributed to profits up 67% at 2.5m British pounds; revenue rose 20% to 17m pounds. Rolfe secured a five-year on-going revenue stream with the renewal of all 13 customer licenses from its UK and Milan Ced Borsa bureaux, in addition to the 19 new wins. It added two major customers to its London-based facilities management operation, bringing the total number to seven so far. It also says it sold seven new in-house licenses in the year, one of which was to the Slovenian Derivatives Exchange in Ljubljana. This license forms the basis of a bureau for the exchange members, which went live in March with 13 members. Rolfe & Nolan also delivered its Lighthouse treasury management and capital markets system to Credit Suisse, in a license deal worth an initial 800,000 pounds. The company’s US operation Rolfe & Nolan (USA) Inc saw a 45% reduction in trading losses to 142,000 pounds, due to increased bureau and support revenue. Rolfe & Nolan also opened a Singapore office in January, to support its client base in Australia, Hong Kong, Japan, Malaysia and Singapore. Chairman Tim Hearley said the current year has started on target and the company has a healthy list of prospects, particularly in the Asia-Pacific region. It ended the year with 3.2m pounds net cash. It will pay a final dividend of 3.2 pence, making a total of 4.8 pence, up 20%.
