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Towry recovers to 1.6m profit

Towry Law sees 1.6m profit in the first half of 2005, following a 0.1m loss in the same period last year. Turnover increased for the period, despiteTowry losing 25 per cent of advisers writing business. It now has 175 registered individuals.

A Henderson spokesman says: We anticipate Towry Law UK will remain profitable in second half 2005, although it is likely to contribute only a small portion of Group profits.

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