Profits up 50 percent at Hargreaves Lansdown

News Team, 19/09/2023

Profits have grown by 50 percent at Hargreaves Lansdown.

In the year ended 30 June, pre-tax profits grew from £269.2 million to £402.7 million year-on-year.

Meanwhile, revenues grew 26 percent from £583 million to £735.1 million.

Total assets under administration grew by 8.0 percent from £123.8 billion to £134 billion.

This included net new business inflows of £4.8 billion.

However, this was a 13 percent decrease year-on-year from the ...

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