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Nucleus posts £500,000 H1 profit

David-Ferguson-Nucleus-500x320.jpg
Nucleus chief executive David Ferguson

Nucleus has posted pre-tax profits of £500,000 for the first half of 2013, compared to £100,000 in the first half of 2012.

The platform’s unaudited half-yearly figures show turnover increased 39 per cent to £8.8m in the first half of this year, up from £6.4m in H1 2012.

Assets under administration rose 38 per cent to £5.3bn, up from £3.8bn the previous year.

Nucleus chief executive David Ferguson says: “We are very pleased with the increase in assets on the platform along with the increase in turnover and we now feel we are in a position to make a sustainable profit.”

Ferguson adds he expects the platform to post the same profits for the second half of 2013.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. John Hammondson 5th July 2013 at 11:50 am

    That’s a lovely picture, the on the loo pose

  2. Dermot O'Logical 5th July 2013 at 12:24 pm

    Hooray, hopefully all the shares I’ve accumulated will be worth more now. And I’ve got quite a few shares too as I’ve moved all my clients onto the platform.

    Kerching!

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