Cobra profit flat despite 53% increase in revenue
Listed UK broker Cobra this morning reported revenues increased by 53% to £7.4m for the six months to 30 June, while its operating profit only increased 3% to £1.1m
Cobra added it operating profit margin before amortisation and depreciation was 14% (2006: 21%) with future improvements expected.
Charman Peter Robinson said: “Continued selective growth of Network
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