Acquisition and finance costs dent Fairpoint profits
ACQUISITIVE debt management and legal services firm Fairpoint continues to grow and diversify but the cost of acquisitions has dented the bottom line.
The AIM-listed Chorley company said profits in the six months to June were up by 4% to £3.4m, after stripping out acquisition and refinancing costs.
After taking these charges into account pre-tax profits fell from £2.5m to £1m. Sales were flat at £13.9m.
The company is diversifying away from debt management work which now accounts for about 48% o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...