jarvis securities said thursday that its fiscal firsthalf pretax profit and revenue rose as higher interest rates offset reduced volumes and clients the administrationservices provider said pretax profit rose 23 to 38 million pounds 49 million revenue rose 17 to gbp73 million the company said that within the market transaction volumes remain subdued but interest rates have continued their upward trendpainful for many companies but beneficial for jarvisgiving it additional income that has offset the reduction in commission and fees from lower volumes the company said it is making significant changes to its process and controls as recommended in a review exiting some relationships that which posed a higherthantolerable risk level for antifinancial crime and money laundering compliance resulting in a reduction in assets and cash under administration although the regulatory review is ongoing as a firm we are currently committed to working through it and emerging in a more robust state and ready to focus on the future of the firm and its plans for growth the company said shares at 0715 gmt were up 10 pence or 07 at 1470 pence