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Bristol & West announce record results

Bristol & West Investments has announced record interim results in the six month period to September this year, prompting shareholder hopes of a dividend in 2001.

Compared to the same half-year period last year, profits shot up by 52 per cent to £350,206 from £230,399, while turnover rocketed by 56 per cent to £763,405 from £489,362.

Gross mortgage advances reached £6,376,523, with earnings per share for the period at 0.27p, down from 1.23p last year.

B&W chairman Royston Smith says: “We are optimistic about the future and expect that further progress will be achieved during the remainder of the following year. I feel confident that we will be in a position to announce a dividend when we report our final accounts in April/May 2001.”

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