18th Sep 2020 15:35
Kingswood Holdings Ltd - London-based wealth manager - Revenue in six months to June 30 up 96% to GBP8.3 million from GBP4.2 million. Pretax loss widens to GBP3.4 million from GBP2.2 million. Administrative expenses up 60% to GBP8.4 million from GBP5.3 million a year earlier. Also announces deal to acquire Surrey-based Regency Investment Services Ltd, independent financial advice provider. Deal is for an initial GBP3.5 million with possible GBP1.2 million contingent on performance.
Current stock price: 27.90 pence
Year-to-date change: up 35%
By Eric Cunha; [email protected]
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