WH Ireland profit edges lower as expenses offset rising revenue

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Financial services group WH Ireland posted a small fall in first-half profit after rising revenue was more than offset by expenses.

Pre-tax profit for the six months through September fell to £0.33 million, down from £0.47 million year-on-year.

Revenue rose 38% to £17.5 million and underlying profit rose to £1.1 million, up from £0.6 million.

WH Ireland said current trading was 'in line with our expectations of a sustainable return to profitability'.