The Broker Network expects further growth after posting £1.5m profit

The Broker Network said it expected further growth in 2006 after posting an operating profit of £1.5m before tax and amoritisation for the six month period to 31 October 2005, representing a 97% rise.

In addition, turnover increased by 56%, to £5.8m for the period, with Group operating margin before amoritisation at 25.7%, up from 20.4%.

Grant Ellis, chief executive of the Broker Network, said he was happy that the results had come out at a time when most firms had been talking the market down