The UK Aim-listed iimia Investment Group, encompassing wealth management, fund management and corporate services, has announced its interim ...

The UK Aim-listed iimia Investment Group, encompassing wealth management, fund management and corporate services, has announced its interim results for the half year ended 30 June 2006. The group made pre-tax profit of £1,043,000 ($1,974,000) on gross revenue of £8,554,000 compared to a pre-tax loss of £843,000 on gross revenue of £5,072,000 for the six months to 30 June 2005. Funds under management and advice totalled £627 million as at 30 June 2006 (31 December 2005: £533 million), of which wealth management totalled £404 million (31 December 2005: £343 million). During the period iimia disposed of its fund administration division to Capita Financial Group for £10.5 million plus contingent consideration of up to £1.5 million.