eprivateclient

PraxisIFM interim results see slight dip in revenue

News Team, 28/01/2021

PraxisIFM Group interim results for the six-month period ending 31 October 2020 have seen revenue for the firm decrease 2.3 percent from £30.5 million in the same period last year to £29.8 million.

However, the global professional administration services business has benefitted from improved performance in key financial metrics to see its gross profit margin increase by one percent to 54.4 percent whilst the firm’s private client & corporate services, funds, and pensions divisions all delivered gross profit (£12.2 million, £2.8 million & £1.1 million respectively).

The firm said in the first half of its f...


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