Arden Partners sees its profits halved
16th July 2012
STOCKBROKER Arden Partners has seen a marked decline in both revenue and profits.
The firm, which has a major operation in Birmingham, has blamed the challenging environment for the results.
It recorded revenue of £5.6m for the six months to April 30 compared to £7.4m for the corresponding period last year.
Profit before tax was £0.6m (2011: £1.2m).
CEO Jonathan Keeling said: "Trading in the markets so far in the second half has been challenging, due largely to the on-going Euro......for the full story register now for free or login below...
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