Brewin Dolphin H1 Pretax Profit Declines - Quick Facts

Brewin Dolphin Holdings Plc (BRW.L) reported profit before tax of 28.2 million pounds for the six months ended 31 March 2020 compared to 29.7 million pounds, previous year. Earnings per share was 7.1 pence compared to 8.1 pence. Profit before tax and adjusted items increased 2.5% to 36.5 million pounds. Adjusted earnings per share declined by 4.0% to 9.5 pence.

First half revenue increased to 174.97 million pounds from 160.43 million pounds, previous year. Income increased 8.3% to 175.8 million pounds. Excluding income from acquisitions, income for the period rose 2.6%.

The Board has decided to maintain the interim dividend at 4.4 pence per share. The interim dividend will be payable on 12 June 2020 to shareholders on the register at the close of business on 22 May 2020 with an ex-dividend date of 21 May 2020.

The Group targets operating cost savings in fiscal 2020 of 6 million pounds to 8 million pounds through disciplined cost management.

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