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Walker Crips gross profit rises by 19.5 per cent

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Walker Crips Group has reported GBP2.5 million pre-tax profits inclusive of one-off investment disposal gain, for the year ended 31 March 2014.

An ongoing implementation of a strategic plan has returned the group to an underlying profit of GBP0.5 million (2013: loss GBP1.0 million) excluding one-off investment disposal gains.
 
Gross profit (net revenues) increased by 19.5 per cent to GBP14.1 million (2013: GBP11.8 million) demonstrating the substantial transformation of the investment management business. Revenue increased to GBP20.7 million (2013: GBP20.4 million).
 
The group’s final proposed dividend is up 17.8 per cent to 1.06p per share (2013: 0.9p per share)
 
David Gelber, chairman, Walker Crips, says: “The group has entered its next phase successfully. As we celebrate our Centenary year, the business strategy has delivered a strong foundation from which to continue expansion. Our objective is to deliver increasing share value and dividend growth to shareholders by providing our clients with performance and excellent service, through a collegiate group of dedicated individuals. ‘Making investment rewarding’ for those three constituencies has proved itself this year with the transformation of the business and its return to underlying profitability.”

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