Reports

New Private Client Operation in Jersey, Revenue Up for UK Broker

Stephen Harris 21 September 2007

New Private Client Operation in Jersey, Revenue Up for UK Broker

Revenue was up 46 per cent to £28.4 million at London-listed Cenkos Securities which has announced its interim results for the six months ended 30 June 2007. Profit before tax for the period was up 21 per cent to £11.4 million. New teams recruited in the second half of 2006 have made a significant contribution to the present set of results, according to the company. The company says that since 30 June 2007 it has established a fund management operation, and recruited a team to set up a private client operation in Jersey and opening an office in Edinburgh.

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