02 October 2009
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Brewin Dolphin has admitted it overstated its profits for 2008 by £4.2m, meaning its pre-tax profit for that year was £32m rather than the £36.2m it had previously reported.
According to The Times, the broker said it had since changed its accounting policy to prevent such overstatements in the future, at a further cost of £6.5 million from this year's profits. Following...
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