Kingswood Holdings has reported a £3.7 million pre-tax loss in the six months to 30 June 2021.

The UK and US-based wealth and investment management group firm attributed this to £4.1 million of acquisition related deferred consideration expense, £1.1 million amortisation and depreciation, £0.8 million finance costs and £0.7 million business re-positioning and transaction costs.

This £3.7 million loss is a slight increase on the £3.4 million loss reported in H1 2020.

Meanwhile, operating profit for H1 2021 was £3.1 million, a £4.3 million increase from the £1.3 million loss a year earlier.

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