WH Ireland Group PLC - London-based broker and wealth manager - Pretax profit in six months that ended September 30 slips to GBP325,000 from GBP468,000 year before, despite 38% rise in revenue to GBP17.5 million from GBP12.7 million. Finance expense multiples to GBP354,000 from GBP63,000; this related to deferred consideration for the acquisition of Harpsden Wealth Management Ltd. WH Ireland bought Harpsden for GBP7.8 million at the end of 2020. Company says it is trading in line with its expectations for a sustained return to profitability, having a good pipeline for the second half in Capital Markets. Declares no interim dividend for this year or last.
Current stock price: 50.40 pence
Year-to-date change: up 16%
By Tom Waite; thomaslwaite@alliancenews.com
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WHIreland (WHI)