Brewin Dolphin reports on ‘resilient year’

Wednesday 3rd December 2008, 2:59PM GMT.

BREWIN Dolphin Holdings plc has reported a ‘resilient’ financial year to the end of September.

Preliminary results show a 13% fall in profit before tax, to £36.2 million, compared to £41.7 million for the previous year. Income fell from £209 million to £206 million.

The board is proposing a final dividend of 3.55p, up 1.4% on 2007. Stuart Sangan, divisional managing director of the Channel Island operation, said: ‘These results illustrate the resilience of our business in challenging times and I am pleased with the very creditable contribution made by all my colleagues in Jersey.’

During the year the company relocated several of its offices – including Jersey – and opened new offices in Chester and Nottingham. The investment management division reported a record year, with operating profits up seven per cent, to £29.6 million, on turnover of £193.7 million.

• Picture: Stuart Sangan

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