StockMarketWire.com - WH Ireland has materially widened its FY pretax loss to £3.2m, from a year-ago loss of £0.3m, in what it says was a transformational year.

Revenue was £25.4m, from £30.9m. No dividend was recommended.

"Our revenues were lower overall, with the first six months affected by a slowdown in corporate activity ahead of the European referendum at the end of June," said chair Tim Steel in a statement.

"However, the second half has shown an encouraging trend, with rising stock markets, and a strong rebound in corporate confidence which was reflected in the improved levels of activity in our Corporate Broking division."

Looking ahead, Steel said despite the uncertainties regarding the UK's progress towards Brexit and the unpredictability of newly elected US President Donald Trump, markets are close to all-time highs.

He said this was a positive environment both for the pipeline in the firm's Corporate Broking division and for the ad valorem fee paying discretionary mandates in its Private Wealth Management division.

"Against this background of renewed investor confidence, the Board remains cautiously optimistic about the year ahead."






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