By Reuters
Share this articleComments
(Reuters) - Financial services provider STM Group <STMG.L> said on Wednesday it expects its 2019 underlying earnings to fall by a third, as new business applications within its pension segment were lower than originally budgeted.
STM, listed on London's junior stock market, forecast an annual underlying pretax profit of 2.5 million pounds ($3.21 million), compared with 3.7 million pounds reported last year.
The slowdown was partly due to some uncertainties and concerns in the general UK pension sector, the company said.
(Reporting by Muvija M in Bengaluru, Editing by Sherry Jacob-Phillips)
Share this articleComments