Profits Up at Hargreaves Landsdown

Tom Burroughes

28 August 2008

Hargreaves Lansdown, the listed UK private client stockbroker, investment house and financial advisor, said its pre-tax profit in the year ending on 30 June 2008 increased to £60.9 million from £24.2 million a year before, shrugging off difficult market conditions.

Group revenues rose to £120.3 million from £98.9 million, the company said in a statement.

Total assets under administration rose to £11.1 billion from £10.2 billion.

Hargreaves Lansdown declared a final ordinary dividend of 2.242 pence per share, taking the total ordinary dividends to 5.485 pence per share.