News Column

WH Ireland Expects Half-Year Pretax Profit To Be Ahead On Year

June 23, 2014

Anthony Tshibangu

LONDON (Alliance News) - WH Ireland Group PLC Monday said its group pretax profit after reorganisation costs for the half-year ended May 31 will be ahead of a year earlier, as revenue growth for both its private client and corporate broking divisions continued to be encouraging.

The financial services group said it has seen a strong increase in management fees and commissions within its private client division and a solid increase in retainer income and success fees from its corporate broking arm.

"We have had an encouraging start to the current financial year, as we continue to grow our corporate client list and assets under management," Chief Executive Richard Killingbeck said in a statement. "Our growth initiatives - to extend our capability, and selectively add high quality individuals and teams - support our confidence that WH Ireland will make further progress in 2014."

The company intends to publish its half-year results on July 21.

WH Ireland shares were quoted up 4.6% at 114.00 pence Monday morning.

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Source: Alliance News

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