WH Ireland, a UK-based provider of private wealth management services, has reported operating profit before exceptional items of £0.4m for the first half ended 31 May 2017, compared to a loss of £1.1m in the year ago half.

The group’s revenue during the period stood at £14.9m, a 24% surge from £11.9m in the previous year.

Total assets under management and administration at the company’s private wealth management division totalled £3.1bn at the end of May 2017. The unit’s fee income increased 23% year-on-year to £5.4m.

WH Ireland Group CEO Richard Killingbeck said: “There is still much to do in order to achieve the goal of being recognised as a leading advice driven financial service company but significant progress has been made.

“With continued support from better financial market sentiment we believe WHIreland is well placed to grow both divisions and to achieve recognition for the successful development of the advice driven business model. I view the future of our Company with increasing confidence and optimism.”

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By GlobalData