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Kingswood Holdings Ltd - London-based wealth & investment management firm - Posts a 31% rise in revenue to GBP80.4 million in the six months to June 30 from GBP61.4 million a year earlier, reflecting the "impact of acquisitions and healthy organic growth across both the UK and US". Pretax loss narrows to GBP1.8 million from GBP3.7 million, as operating profit is up 47% at GBP4.5 million from GBP3.1 million.
Chief Executive Officer David Lawrence says: "We delivered record levels of revenue and operating profit in all three of our divisions in 2021 and I am delighted to report further growth in the first half of 2022."
Current stock price: flat at 26.00 pence
12-month change: down 7.0%
By Xindi Wei; xindiwei@alliancenews.com
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