THB sees pre tax profit dip to £0.9m
Lloyd's broker this morning reported turnover of £51.9m (year ended 30 April 2007: £28.7m) and an underlying trading profit £4.6m (year ended 30 April 2007: £4.3m) for the eighteen months ended 31 October 2007.
However profit before tax dropped to £0.9m compared to the year ended 30 April 2007 (£2.43m). THB explained: "This is after exceptional costs of £1.2m associated with the acquisition of the business
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