GRP remains fully focused on 'growth through acquisition' as it reports a loss before tax of £17.9m
In its report and accounts for the financial year ended 31 March 2019, broking group GRP reported a 48% increase in turnover to £112.1m (2017/2018: £75.9m), a rise in operating profit £27.8m (2017-18: £10.2m), and the equivalent EBITDA from the group’s operating entities jumped to £50.0m (2017/2018: £35.3m), as it posted its third consecutive loss.
A number of acquisitions were completed towards the end of the 2018/19 financial year, and the firm said as a result have only partially impacted the annual accounts. The effect of this, and the
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