22nd Feb 2016 08:12
LONDON (Alliance News) - Lighthouse Group PLC on Monday said its pretax profit and revenue both grew in 2015 as the company increased its recurring revenue streams and boosted margins.
The financial adviser said its pretax profit for the year to the end of December was GBP900,000, up from GBP600,000 a year earlier, as its revenue rose to GBP49.0 million from GBP47.0 million.
The group said it now generates 48% of its total revenue from recurring streams, up from 47% a year earlier, and said its average revenue production per adviser increased to GBP93,000 from GBP86,000 a year earlier.
Gross margins in total rose to 30% from 29%, though its operating costs due to higher regulatory costs and increased levels of business.
Lighthouse will pay a final dividend of 0.16 pence per share, up from 0.12p a year earlier, taking its total dividend to 0.24p, up from 0.18p.
"The group has continued to make good progress during 2015. The increase in average annualised revenue per adviser and gross margin resulted in a significant increase in earnings which creates sound foundations for the future," said Chairman Richard Last.
Lighthouse shares were up 12% early Monday to 10.499p, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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