Reports
Big Profits Jump at UK-Quoted Wealth Management Group

AIM quoted iimia Investment Group saw a pretax profit of £546,000 ($953,000) for the year to Dec 31 2005, compared with a loss of £6.3 milli...
AIM quoted iimia Investment Group saw a pretax profit of £546,000 ($953,000) for the year to Dec 31 2005, compared with a loss of £6.3 million in 2004. The company predicts further increases in profitability in the current year after significant progress was made during 2005 in each of the company's principal operating divisions - fund management, wealth management, corporate finance and administration services. The company’s wealth management division started to make a positive contribution to profits in the second half after a structural review and a subsequent rationalisation of costs. The company acquired Intelli Partners Group last September, which it intends to expand by providing stockbroking services, including sharedealing.