IN BRIEF: Kingswood Holdings annual loss widens but revenue jumps

Kingswood Holdings Ltd - London-based wealth and investment management company - In the financial year ended December 31 pretax loss widens to £13.3 million from £11.2 million a year prior. Revenue, however, rises 38% to £86.2 million from £62.6 million. UK & Ireland revenue increases to £46.6 million, up 38%, reflecting resilience to market headwinds and the benefit of acquisitions in the current and prior periods. US revenue also rises 38% to £39.6 million.

Chief Executive Officer David Lawrence comments: ‘I am delighted to report continued strong financial progress in 2023, with revenue for both the group and the core UK and Ireland business up over 37% on the prior year.’

Current stock price: 13.06 pence

12-month change: down 38%

Copyright 2024 Alliance News Ltd. All Rights Reserved.