Turnover up but profit down at Bruce Stevenson in 2017
CEO Edward Bruce confirms broker is looking to make acquisitions.
Bruce Stevenson has posted a rise in turnover to £6.1m for the year ended 31 August 2017, compared to £5.9m in the preceding year.
However, the Scottish broker also revealed a drop in operating profit to £622,983 in 2017 (2016: £774,460) as well as a decrease in pre-tax profit from £737,562 in 2016 to £605,417 in 2017.
The results, filed at Companies House, also showed that the broker’s profit for the financial year to 31 August 2017 was £471,564, compared to £560,959 in the preceding year.
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