Wealth manager Kingswood’s losses widened in the six months to 30 June 2020, as the firm's acquisition programme took a toll on its profitability.
The firm produced a loss of £3.4 million during the six-month period, compared with H1 2019’s £2.2 million and the full-year 2019 loss of £5.6 million.
Revenue was £8.25 million, a 96 percent increase on the prior year reflecting the impact of recent acquisitions.
Operating EBITDA – the firmâ...
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