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Lighthouse Group sees FY earnings, revenue and pre-tax profit ahead of views

By Michele Maatouk

Date: Friday 12 Jan 2018

(ShareCast News) - AIM-listed Lighthouse Group said on Friday that it expects to report full-year revenue, earnings before interest, tax, depreciation and amortisation and pre-tax profit ahead of market views.
In a brief trading update for the year to the end of December, the company said its performance was driven by an increase in business derived from the group's affinity connections and from higher levels of average annualised revenue production per adviser across all of its divisions.

Chief executive officer Malcolm Streatfield said: "The anticipated results for 2017 reflect the continuing and increasing importance of the valuable relationships the group has developed with its affinity partners, with 15,000 new client engagements undertaken during the year, as well as the on-going professionalism and effectiveness of the advisers across the group's operations. I look forward to reporting in full on the group's results for 2017 in due course."

At 1425 GMT, the shares were up 13% to 22.42p.

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