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Brooks Macdonald reports 16 per cent increase in pre-tax profit

Brooks Macdonald Group, the AIM listed integrated wealth management group, has reported a pre-tax profit of GBP4.93m for the six months ended 31 December 2013, 16 per cent up on the same period in 2012.

The group’s adjusted pre-tax profit is GBP6.16m for the period (2012: GBP6.07m).
Earnings per share have increased 29 per cent on the same period in 2012 to 32.63p, while total discretionary funds under management (FUM) are now GBP5.68bn (2012: GBP4.62bn).
Chris Macdonald, chief executive, says: “The first half of our financial year has been a solid period of progress for the group with continued growth in discretionary funds under management, further development of our investment offering, distribution and IT systems.
“We are pleased with the progress the group has made and has continued to make since the half year end.”

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