Trading Statement

RNS Number : 1979K

W.H. Ireland Group PLC

23 June 2014

 



WH Ireland Group Plc

("WH Ireland" or the "Company")

Update on Trading and Notice of Results

WH Ireland, the financial services group that provides corporate broking and private wealth management services, today issues an update on trading for its half year ended 31 May 2014.

Revenue growth in both the Private Client and Corporate Broking divisions has been encouraging and has continued the trends witnessed during 2013, namely a strong increase in management fees and commissions in the Private Client division and a solid increase in retainer income and success fees in the Corporate Broking division.

Profit before tax after specific reorganisation costs incurred during this period will be ahead of the comparable period a year ago.

Richard Killingbeck, Chief Executive Officer of WH Ireland, said:

"We have had an encouraging start to the current financial year, as we continue to grow our corporate client list and assets under management. Our growth initiatives - to extend our capability, and selectively add high quality individuals and teams - support our confidence that WH Ireland will make further progress in 2014."

Notice of Results

The Company intends to announce its half year results for the six months ended 31 May 2014 on Monday 21 July 2014.

For further information contact:

WH Ireland Group plc                                                                      www.wh-ireland.co.uk

Richard Killingbeck, Chief Executive Officer                                      [phone]

Miles Nolan, Head of Communications

Panmure Gordon (UK) Limited                                                      

Hugh Morgan, Corporate Finance                                                      [phone]

MHP Communications                                                                     [e-mail]

Reg Hoare / Jade Neal / Jamie Ricketts                                             [phone]                                                                                                 

 

END

 

 

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