Rensburg Sheppards posts "very creditable" results
Published Date:
19 November 2008
LEEDS-based investment led wealth management group Rensburg Sheppards today posted "very creditable" results in the face of challenging markets.
It announced an increase in half yearly pre tax profits of 9.3 per cent to £16.4m for the six months ended September 30.
The adjusted profit before tax was £19.7m, compared to £20.1m in the same period last year.
The group, which includes Rensburg Sheppards Investment Management and Rensburg Fund Management, increased basic earnings per share by 10 per cent to 26.3p and the interim dividend is maintained at 8.5 per cent.
Steve Elliott Chief Executive Rensburg Sheppards said: "Against a backdrop of challenging markets, I am pleased that the hard work of all my colleagues has resulted in these very creditable results. We will continue to maintain our strong client relationships as well as focusing on maximising net organic growth of funds under management.
"Overall, I believe we have the right business model to successfully trade through the current difficult market conditions."
In addition to offices in Leeds, Rensburg Sheppards Investment Management has a regional network of 11 offices across the UK.
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Last Updated:
19 November 2008 10:38 AM
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Source:
n/a
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Location:
Yorkshire
