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Kingswood Holdings Ltd - London-based wealth & investment management firm - Posts a 31% rise in revenue to £80.4 million in the six months to June 30 from £61.4 million a year earlier, reflecting the ‘impact of acquisitions and healthy organic growth across both the UK and US’. Pretax loss narrows to £1.8 million from £3.7 million, as operating profit is up 47% at £4.5 million from £3.1 million.
Chief Executive Officer David Lawrence says: ‘We delivered record levels of revenue and operating profit in all three of our divisions in 2021 and I am delighted to report further growth in the first half of 2022.’
Current stock price: flat at 26.00 pence
12-month change: down 7.0%
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