Profits leap for Thomas Carroll
Profit before tax hits £1.5m for the broker as turnover grows to £9.6m.
Thomas Carroll has reported a profit-before-tax jump to £1.5m for the year ended 31 December 2016, up from the £478,614 reported the previous year.
Turnover also grew, but not as dramatically, growing from £9.0m to £9.7m last year.
Administrative expenses were cut significantly from £8.1m to £7.7m leading to operating profit of £1.6m (2015: £672,568).
Overall profit for the financial year was £1.2m growing from £478,614 the previous year.
Retention
Directors noted in the report: “With the
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