Brooks Macdonald ( (GB:BRK) ) just unveiled an update.
Brooks Macdonald Group plc reported its half-year results for the six months ending December 2024, highlighting a solid financial performance with net inflows to its MPS Platform business and a 3.4% increase in interim dividends. The company completed the sale of its international asset management arm, reinforcing its focus on the UK market, and acquired three financial planning businesses, expanding its client base by 15%. Despite a decrease in revenue due to lower interest income, the company maintained a strong profit margin through disciplined cost management. The strategic focus on growth, client service, and operational efficiency positions Brooks Macdonald well for future expansion and attractive returns for stakeholders.
More about Brooks Macdonald
Brooks Macdonald Group plc is a leading provider of wealth management services in the UK. Established in 1991, the company is known for its independent and financially strong position, offering a broad range of investment products tailored to meet clients’ financial objectives. Brooks Macdonald is recognized for delivering consistent investment performance and innovative solutions that adapt to clients’ changing needs.
YTD Price Performance: -16.12%
Average Trading Volume: 52,618
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £225.6M
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