Thursday, 27 March 2014 09:42
IFG operating profits down but Saunderson House praised
The performance of Saunderson House has been cited as a major factor in IFG Group's increase in revenue for last year to £79.6 million.
This compared to £76.2 million in the prior year, results announced to the Stock Exchange today showed.
IFG's statement said: "Saunderson House and the Ireland Segment were the principal drivers of this revenue growth."
Operating profit for the year was £4.6 million, down from £6.2 million in 2012.
IFG announced Saunderson House's revenue rose 12% in 2013 and it added 154 new clients bringing the client base to over 1,400 and recrutied 14 new graduates recruited.
Its nine-strong investment research team was recognised for rigorous analysis at the Fund Manager of the Year awards for a second consecutive year.
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Tony Overy, managing director of Saunderson House, said: "The increase in revenue in 2013 clearly demonstrates that Saunderson House is going from strength to strength.
"Our team-based business model predicated on organic growth and referrals from highly satisfied clients is working well.
"Additionally we are benefiting from a number of strategic developments in 2013.
"These included adding senior level expertise in operations and marketing to strengthen the management team."
This compared to £76.2 million in the prior year, results announced to the Stock Exchange today showed.
IFG's statement said: "Saunderson House and the Ireland Segment were the principal drivers of this revenue growth."
Operating profit for the year was £4.6 million, down from £6.2 million in 2012.
IFG announced Saunderson House's revenue rose 12% in 2013 and it added 154 new clients bringing the client base to over 1,400 and recrutied 14 new graduates recruited.
Its nine-strong investment research team was recognised for rigorous analysis at the Fund Manager of the Year awards for a second consecutive year.
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Tony Overy, managing director of Saunderson House, said: "The increase in revenue in 2013 clearly demonstrates that Saunderson House is going from strength to strength.
"Our team-based business model predicated on organic growth and referrals from highly satisfied clients is working well.
"Additionally we are benefiting from a number of strategic developments in 2013.
"These included adding senior level expertise in operations and marketing to strengthen the management team."
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