WH Ireland (AIM: WHI), the financial services group serving the private client and smaller company market, today announces its half year results for the six months ended 31 May 2012.
*Adjusted figures are stated before impairments of £0.07m (31 May 2011: £0.49m), share based payments of £0.24m (31 May 2011: £0.03m) and loss on disposal of associates of £nil (31 May 2011: £0.28m).
Rupert Lowe, Chairman of WH Ireland, commented: "The Board is pleased to announce that the Group has continued to make considerable progress over the last six months despite ongoing challenging market conditions. In Corporate Broking we have increased client numbers and head count and in Private Wealth Management the acquisition and integration of the client base of Pritchard Stockbrokers has now been successfully completed. Whilst the transaction with Pritchard and key hires made during the period have meant that the Group has incurred increased costs, the Board believes that WH Ireland is now ideally placed for the next phase of its growth.
"This is a challenging time for the Group, but the Board is confident that with the strong team and market position that it is working to develop, WH Ireland can continue to build on this momentum."
For further information:
|WH Ireland Group plc||+44 (0) 20 7220 1666|
|Rupert Lowe, Chairman|
|Paul Compton (CEO)|
|Panmure Gordon (UK) Limited||+44 (0) 20 7459 3600|
|Hugh Morgan/Callum Stewart
|Adam Pollock (Corporate Broking)|
|Julian Bosdet / Joanne Shears / Oliver Hibberd||+44 (0) 207 398 7714|