WH Ireland reports increase in revenue and profits in H1 2014
WH Ireland, a provider of corporate broking and private wealth management services, has reported a 12.6 per cent increase in revenue for the first six months of 2013 to GBP14.69 million (2013, GBP13.05m).
Recurring revenue increased by 9.3 per cent over the period to GBP4.7m (2013: GBP4.3m), while adjusted profit before tax totalled GBP470,000 (2013: GBP59,000).
Profits before tax stand at GBP203,000 (2013: GBP59,000), with basic earnings per share of 0.58p (2013: 0.16p).
Richard Killingbeck, chief executive officer, says: “WH Ireland performed strongly during the first half of the year, with good growth in adjusted pre-tax profits and revenues, continuing the progress made in the last financial year.
“Much progress has been made in the development of WH Ireland into a focussed business around two key disciplines, corporate broking and private client wealth management. Both businesses are in a considerably stronger position than twelve months ago in terms of their financial performance, proposition and teams. We anticipate making further progress in the second half and into 2015.”
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