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Clarkson Hill in the black

Clarkson Hill Group has posted its first-ever profit along with a 36 per cent increase in turn-over from £13.4m to £18.3m for the year ending July 31, 2007.

Profits were £25,279 compared with a £323,998 loss the previous year. Operating efficiency improved to 19.6 per cent from 22 per cent in 2006.

Funds under management rose by 88 per cent to £712m from £378m. New single-premium investments increased by 51 per cent to £250m compared with £165m in 2006.

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