AWD Chase de Vere reports 425% increase in profits

Earnings before interest and taxes (EBIT) for AWD Chase de Vere were €6.3m, up from €1.2m in 2009. Turnover rose 8.4% to €46.6m. The group also increased its commission turnover from new business by 4.7% but attributed its overall results largely to a €48m reduction in administrative costs. Its consultant numbers also grew from 191 to 198. Meanwhile, the entire group had EBIT of €49.1m last year, up from a loss of €41.1m, and an overall turnover of €547m compared to €528.7m the previous year. Stephen Kavanagh, chief executive of AWD Chase de Vere, says: "We are really pleased wi...