Last checked at 12 Jan 2012 07:00
Frenkel Topping Group plc
("Frenkel Topping" or, together with its subsidiaries the "Group")
Trading Update
Frenkel Topping, the provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards, today releases a trading update ahead of the release of its preliminary results announcement for the period ending 31 December 2011.
Financial performance in line with expectations and outlook
Financial performance of the Group to 31 December 2011 was in line with market expectations, with profits significantly ahead of the corresponding period in 2010.
The implementation of the Group's successful business model, which entails consistent growth in the Funds in the Investment Management Service (with associated growth in the subsequent recurring income) and the tight control of costs, has meant that the Group now has the flexibility and resources to adapt to opportunities and changes in the marketplace. As a result the Board is confident that full year earnings expectations for 2012 will be achieved and that the Group is well positioned for further growth.
For further information, please contact:
Frenkel Topping Group plc Richard Fraser (Chief Executive)
| 0161 886 8000
|
Shore Capital Pascal Keane Edward Mansfield | 020 7408 4090 |