Tysers reports decrease in profit for 2016
But turnover and Ebitda are up at the Lloyd's broker.
Tyser & Co has revealed a fall in profit after tax to £370,000 in 2016 from £5.5m in 2015, according to its financial statement for the year ended 31 December 2016.
The document, filed on Companies House, also showed that the broker’s pre-tax profit fell to £564,000 in 2016 from £7.1m in the preceding year.
However, it delivered a rise in turnover to £52.7m in 2016, compared to £46.8m in 2015, as well as an increase in Ebitda to £10.6m in 2016 (2015: £9.4m).
In addition, the broker posted a
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