StockMarketWire.com - SANNE, a provider of alternative asset and corporate administration services, grew its profit before tax by 49% to £22.4m in 2017.

Total revenues increased by 77% to £113.2m, with organic revenue growth of 14%.

The group's underlying operating profit increased by 76% to £38.8 million, with an operating profit margin of 34.3%.

The board is recommending final dividend per share of 8.4 pence, bringing the total dividend for the year to 12.6 pence compared with 9.6 pence in 2016.

Dean Godwin, chief executive officer of SANNE, said: "SANNE has had a successful year and highlights include the acquisition of our new Mauritian business, International Financial Services limited and IFS Trustees (together IFS). After the year-end we also finalised the acquisition of Luxembourg Investment Solutions S.A. and Compliance Partners S.A. on 6 February 2018. These businesses have expanded our expertise and jurisdictional coverage.

"Strategic recruitment of talent and increased jurisdictional presence have helped us to deliver high quality professional services."


At 9:21am: [LON:SNN] Sanne Group Plc share price was 0p at 673p



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