Brooks Macdonald, the financial planning and asset management group, will pay an interim dividend for the first time this month as pre-tax profits almost doubled in the second half of 2009.
Pre-tax profits at the group were £2.47m for the six months to 31 December last year, nearly double the £1.26m reported for the same period in 2008. Shareholders will now receive an interim dividend of 3p per share on 31 March 2010 for the first time since the company's listing in 2005. However, total revenues for Financial Consulting, the financial planning arm of the business, were down for the period at £1.24m, from £1.3m in H2 2008. Asset Management, the investment management side of the group, reported total revenues of £16.2m for H2 2009, up from £8.6m for the same period the...
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