Tuesday March 31, 2020

Slimmed-down ISTC makes €1 million profit

Tiarnan O’Mahoney’s International Securities Trading Corporation (ISTC) made profits of almost €1million in the nine months following its rescue by London-based investment banking firm Collins Stewart last March.

21st March, 2009

Tiarnan O’Mahoney’s International Securities Trading Corporation (ISTC) made profits of almost €1million in the nine months following its rescue by London-based investment banking firm Collins Stewart last March.

Collins Stewart said last week that ISTC, which spent months in examinership after racking up losses of over €800 million, generated revenues of stg£2.3 million (€2.4 million) and operating profits of stg£0.9 million in the nine months to December. This followed revenues...

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