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WH Ireland posts first half-year profit in 5 years after major restructure

News Team, 26/10/2020

Formerly troubled wealth manager WH Ireland made a tentative return to profit in the first half of the year, posting a pre-tax profit of £0.33 million, compared with H1 2019’s loss of £1.44 million.

The business benefited from a 15.2 percent increase in revenue to £12.4 million, as its corporate and institutional broking arm closed 32 trasnations, meaning its revenue was up 61.4 percent to £6.2 million.

Wealth management revenue fell 10.8 percent to £6.2 million, due to a reduction in market levels.

In the three months from 31 March to 30 June, wealth management assets under management (excluding its so...


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