Kerry London returns to profit
Kerry London Group has reported a profit of £525,807 for 2012.
This is compared to the £161,933 loss reported by the broker for 2011, while turnover fell slightly, from £13.9m to £13.1m.
Damien Kissane, who left the broker in September 2012, had a loan balance of £3,083 as of 31 December 2012.
The company stated: “The trading environment in 2012 continued to be challenging however the operating profit was substantially improved from the prior year.
“The business continued to realign costs in 2012 and significant profit increases are forecast for 2013.”
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