Brewin Dolphin announces preliminary results

by Richard Kilner

Story link: Brewin Dolphin announces preliminary results

Brewin Dolphin Holdings PLC Group has released preliminary financial results for the period up to 28 September of this year.

Total income was recorded at £206m, down £3m from the corresponding period in 2007.

Discretionary funds fell by 4.7% to £10.2bn, although this did occur over a difficult time when the FTSE lost more than threefold that amount in value.

Pre-tax profits fell by £5.5m to reach £36.2m, and basic earnings per share fell by 2.3p to 12.2p.

However, the total dividend rose from 6.875p in 2007 to 7.1p, an increase of 3.3%.

Subject to approval at next year’s AGM the Board has proposed a final dividend of 3.55p.

Executive chairman Jamie Matheson commented on the results, stating that during a turbulent time the firm managed a resilient performance which underlined the basic strength of the business.