Lucas Fettes turnover hits £16.2m
Operating profits are £854,000, up from £552,000 in 2015 but profit before tax falls to £1.1m from £4.3m the previous year.
Lucas Fettes turnover for the year ending 31 March 2016 has hit £16.2m up from the £14.6m posted in 2015.
Operating profit was £854,000 (2015: £552,000) but profit before tax fell to £1.1m from £4.2m. In 2015 the broker benefitted from a £3.7m sale of property which impacted the profit before tax.
The 2016 results noted that adjusted operating profit should be £1.6m with an Ebitda of £2m. Operating profit for 2016 includes a charge of just under £100,000 in relation to employee share options and
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