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December 2, 2009

Brewin Dolphin releases preliminary results

by Richard Kilner

Story link: Brewin Dolphin releases preliminary results

Brewin Dolphin Holdings PLC has released its preliminary results for the year ended 27 September 2009.

Total income rose by a little under £6m year-on-year to £212.3m, but pre-tax profits fell by £10m to £21.9m.

Discretionary funds increased by over £1bn to £11.8bn, a 15.7% rise from the previous year, during which time the FTSE effectively stood still (declining by a marginal 0.1%).

Earnings per share (both basic and diluted) fell by slightly over 3p to 7.4p and 7.2p respectively.

The board has proposed a final dividend of 3.55p, identical to the proposed final dividend in 2008, to be approved at the 2010 AGM and payable on 5 April 2010.

Executive Chairman Jamie Matheson described the results as satisfactory, but sounded a cautionary note with a warning that the economic woes of the country were far from over, adding that the Board remained confident of the firm’s future prospects.


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