The latest update is out from Brooks Macdonald ( (GB:BRK) ).
Brooks Macdonald Group plc reported its half-year results for the period ending December 31, 2024, highlighting strong financial performance with a 13% annualized net inflow to its MPS Platform business and a 3.4% increase in interim dividends. The company completed the sale of its international asset management arm to focus on the UK market and acquired three financial planning businesses, expanding its client base by 15%. Despite a 2.6% revenue decline due to lower interest income, disciplined cost management improved the underlying profit margin to 29.9%. The company remains focused on growth, client service, and efficiency, with a strong balance sheet supporting its strategic initiatives.
More about Brooks Macdonald
Brooks Macdonald Group plc is a leading provider of wealth management services in the UK. Established in 1991, the company is known for its independent and financially strong position, offering a broad and diverse range of financial products and services tailored to meet clients’ evolving needs. Brooks Macdonald is recognized for its innovative approach and commitment to delivering consistent investment performance to help clients achieve their financial goals.
YTD Price Performance: -16.12%
Average Trading Volume: 52,618
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £225.6M
For detailed information about BRK stock, go to TipRanks’ Stock Analysis page.