Last checked at 26 Jun 2015 07:00
26 June 2015
WH Ireland Group PLC
("WH Ireland" or the "Company")
Half Year Trading Update
Notice of results
WH Ireland today issues a trading update for its half year ended 31 May 2015. Overall WH Ireland has performed well in the first half, with an improved performance compared to last year .
The Private Wealth Management division has continued to grow its asset base and at the end of the trading period, total assets under management and administration had risen to £2.8 billion (30 November 2014: £2.7bn). Of this total, discretionary assets have risen to in excess of £800 million (30 November 2014: £700m). Management fee income, reflecting this ongoing improvement to our asset mix, has grown significantly when compared with the same period a year ago.
The Corporate Broking division has continued to grow its corporate client base. At the half year, it was retained by 98 corporate clients (92 for the comparable period a year ago) and as a consequence, its recurring retainer fee income has continued to increase. Success fees are above those achieved last year, although market making, whilst positive, is lower than the same period a year ago.
It is anticipated that the half year results will be released on Monday, 20th July, 2015.
Richard Killingbeck, Chief Executive, said:
"Both our divisions have had good half years, with strong progress in their respective key metrics: increased discretionary funds under management in Private Wealth Management and increased numbers of clients in Corporate Broking. We look forward to making further progress in the balance of the year."
For further information please contact:
WH Ireland Group plc www.wh-ireland.co.uk
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220 1666
Miles Nolan, Head of Communications
SPARK Advisory Partners Limited |
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Mark Brady/Miriam Greenwood | +44(0) 203368 3551/3550 |
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MHP Communications
Reg Hoare / Jade Neal / Jamie Ricketts +44(0) 20 3128 8100 whireland@mhpc.com