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Lighthouse Group reports maiden profit

Lighthouse Group has announced its interim results showing a maiden pre-tax profit of 112,000 compared to a 142,000 loss this time last year.

The group’s combined turnover increased 36 per cent to 20.5m, increasing by 5.4m compared to 2005.

Total funds under advice increased by 39 per cent, by approximately 4bn since June 30, 2005. Turnover per adviser increased approximately 71,000 on an annualised basis.

Lighthouse Group executive chairman David Hickey says: “We are delighted with these excellent results for Lighthouse which mark a significant milestone in the groups development. These first ever pre-tax profits provide a solid start for continued future growth and we look forward to further progress for the full year.

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