Towry announces 60% jump in H1 revenues

The group says revenues for the first six months hit £40m compared with £25m in H1 2009. Earnings on an EBITDA basis were £6.4m, up from £4.3m last year, while Towry says it has seen a 44% increase in discretionary assets under management, from £2.4bn at the end of June 2009 to £3.5bn this year. CEO Andrew Fisher says he is confident the group will see further growth in the second half and post record trading profits at the end of the year. In 2009, pre-tax profits at Towry were £17m while, in 2008, the company made a loss of £10.7m. Last year, Towry - then Towry Law - acquired Edw...