Broker Network profits up 97%
The Broker Network has announced a 97% rise in operating profits before taxation and amortisation, to £1.5m, for the six month period up to 31 October 2005. In addition, turnover has increased by 56% to £5,852,000, while the group operating margin before amortisation has increased to 25.7%, up from 20.4%.
Grant Ellis, chief executive of the Broker Network, said the results were made especially pleasing as they bucked the market trend.He commented: "I am delighted that we have been able to report
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