UPDATE 1-Arden Partners swings to H1 loss, no interim div
* H1 pretax loss 300,000 stg vs profit 1.3 mln stg
* H1 adj pretax profit 100,000 stg vs 1.6 mln stg
* H1 rev 4.6 mln stg vs 6.7 mln stg
* Sees positive FY as H2 started off well
* Raises 7.8 mln stg for a client
(Adds details)
July 14 (Reuters) - British stockbroker Arden Partners Plc (ARDN.L) said on Tuesday it swung to a first-half pretax loss and did not declare an interim dividend, as it faced challenging global markets.
However, the company said it sees a positive outcome for the full year as the second half started off well and commission income picked up since April, leading to a strong May and June.
Arden Partners completed a 7.8 million pound ($12.67 million) fundraising for support services provider AssetCo (ASTO.L) this week via a placement of 17.3 million shares.
For the six months ended April 30, the company posted a pretax loss of 300,000 pounds compared with a profit, before tax, of 1.3 million pounds a year ago.
Pretax underlying profit, before share-based payments of 345,000 pounds, were 100,000 pounds versus 1.6 million pounds a year ago, the company said in a statement.
Revenue fell 31 percent to 4.6 million pounds.
Arden Partners said it will not be paying an interim dividend, compared with 2.2 pence paid for the same period a year ago.
Shares of the company closed at 101.5 on Monday on the London Stock Exchange. ($1=.6155 Pound) (Reporting by Shivani Singh in Bangalore; Editing by Kavita Chandran)
