Trust and fiduciary services provider Praxis has reported revenue of £23.6 million in its latest interim results for the six months to 20 June 2022.

Alongside this, its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was £2.8 million.

Its gross profit margin increased by three percent in the period as a result of “efficiencies initiated in 2021, alongside a focus on the group’s operating expenses”, Praxis believes....