Aston Scott returns to profit in 2016
CEO Peter Blanc explains next steps after Bell & Co deal and praises staff for positive 2016 financial results.
Aston Scott has reported profit after tax of £902,986 for year ending 30 June 2016 reversing the net loss of £2.46m in 2015.
However, the profit figure for 2015 took a hit from certain exceptional payments related to the management buyout making direct year-on-year comparisons difficult.
Full-year turnover for the group increased by 6.9% to £19.09m (2015: £17.86m), while operating profit fell by 42% to £994,338 (2015: £1.71m).
Aston Scott’s group chief executive officer Peter Blanc noted that
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