Reporting on its third quarter of 2012 (1 October to 31 December),Walker Crips, the UK-based financial services group, says that is has seen group net revenue decrease by 3.8 per cent to £3.26 million (around $5 million), compared with the £3.39 million it achieved in the same quarter the year before.

In its financial results, the firm highlights that on a like-for-like basis, excluding net revenue of £0.99 million attributed in the third quarter last year to its now disposed of asset management subsidiary - Walker Crips Asset Management - net revenue of the remaining business increased by 35.5 per cent.

Meanwhile, net stockbroking commission revenue increased by 35.3 per cent over the 2012 quarter, and the firm’s proportion of non-broking income rose to 66.5 per cent (quarter ended 31 December 2011: 61.4 per cent).

With the exception of the payment of a second special interim dividend of £1.26 million during the quarter, there have been no significant changes in Walker Crips’ consolidated financial position since the half year end on 30 September 2012, the firm said in a statement.