Hargreaves Lansdown operating profits treble

Overall, underlying profits increase by 67% to £40.7m before tax deductions while revenue increased by 34% to £98.8m for the year to June 30, 2007. Earnings per share increased 52% to 6.4p. The company now has £10.2bn worth of assets under management, an increase of 67% on the £6.1bn held last year. Peter Hargreaves, chief executive of Hargreaves Lansdown, comments: “I am mindful that since our year end we have seen huge turmoil in the world’s stock markets. The market is still uncertain of the extent of the problems caused by the United States’ sub-prime lending market. “Although ...