Lighthouse Group plc continued progression of the Group’s activities

Commenting on the results, Richard Last, Chairman of Lighthouse Group plc, said:

“The unaudited results for the six months ended 30 June 2018 illustrate the continued progression of the Group’s activities, with underlying EBITDA (before non-cash share-based charges) for the six months increasing by 26 per cent. to £1.65million. Continued progress in the Group’s affinity operations and in developing proprietary financial products for both the individual and corporate markets is expected to contribute to future growth in profits.”

Lighthouse Group plc (LON: LGT), the national financial advisory group, today announced its interim results for the six months ended 30 June 2018.

Highlights

•Revenues for the six months to 30 June 2018 increased by 5 per cent. to £26.88 million (H1 2017: £25.67 million);

•Average annualised revenue production per adviser increased by 6 per cent. to £124,000 (H1 2017: £117,000);

•Other operating expenses reduced by 3 per cent. to £5.54 million (H1 2017: £5.68 million);

•Underlying EBITDA* increased by 26 per cent. to £1.65 million (H1 2017: £1.31 million);

•Pre-tax profits increased by 12 per cent. to £1.26 million (H1 2017: £1.13 million);

•Basic earnings per share increased by 13 per cent. to 0.99 pence per share (H1 2017: 0.88 pence per share);

•Net cash balances £9.6 million (31 December 2017: £8.7 million, 30 June 2017: £8.1 million);

•Interim dividend declared of 0.20 pence per share, an increase of 67 per cent. (H1 2017: 0.12 pence per share); and

•Affinity contracts renewed with the General Federation of Trades Unions, Parliament Hill, the Royal College of Nursing, the Public and Commercial Services Union, the Money Advice Service and FosterTalk and extended for mortgage and protection services for Unison during the period. Since 30 June 2018 contracts with Prospect union and the Association of School and College Leaders have been renewed.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Lighthouse Group Plc

    More articles like this

    Lighthouse Group Plc

    INTERVIEW: Lighthouse Group Discussing a Positive Year

    Lighthouse Group (LON: LGT) CEO Malcolm Streatfield talks to DirectorsTalk about its final results for the year ended Dec 2018. Malcolm talks us through the year highlights, how LFA is progressing and plans for growth, Tavistock

    Lighthouse Group plc

    Lighthouse Group plc Another period of growth for the business

    Malcolm Streatfield, Chief Executive Officer of Lighthouse, commented: “The Board is delighted to report another period of growth for the business. Our advisers continue to deliver quality advice to our customers and the annualised revenue production

    Lighthouse Group plc

    Lighthouse Group plc Renewal of affinity contract

    Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: “The Board is very pleased that we have secured this contract renewal with the Bakers, Food and Allied Workers’ Union (BFAWU), which provides further endorsement of the quality

    Lighthouse Group Plc

    Lighthouse Group plc Positive H1

    Lighthouse Group plc (LON: LGT), the national financial advisory group, is pleased to provide a trading update for the six months ended 30 June 2018. The Group, which is the preferred financial adviser to 21 (2017:

    Lighthouse Group Plc

    Lighthouse Group plc secured Contract Renewal with Prospect

    Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: “The Board is very pleased that we have secured this contract renewal with Prospect, which serves to endorse further the quality of service and financial planning support which

    Lighthouse Group Plc

    Lighthouse Group plc Renews Contract with FosterTalk

    Lighthouse Group plc (LON:LGT), the national financial adviser of choice for Middle Britain, has today announced that it has agreed the renewal of its contract with FosterTalk, as the preferred provider of expert financial advice to

    Lighthouse Group Plc

    CEO Q&A with Malcolm Streatfield at Lighthouse Group plc (LON:LGT)

    Lighthouse Group’s Malcolm Streatfield discusses their new affinity contract with The Public and Commercial Services Union, how well this side of the business is progressing, plans to grow the affinity business further and how trading has been so far this year in this exclusive interview with DirectorsTalk