Berrymans sees revenues rise 4% as PEP dips 13% on back of investment
Berrymans Lace Mawer (BLM) has posted a 4% increase in revenue whilst seeing profits per equity dip by 13% for the 2012-13 financial year. Last year, the firm recorded a PEP figure of £215,000, somewhat short of the previous year's total of £248,000, while total net profit fell from £15.1m to £13.9m. This drop in profits comes despite an increase in revenue, rising as it did from £81.2m to £84.7m during the 12 month trading period up to 31 March.
Berrymans Lace Mawer has posted a 4% increase in revenue for 2012-13 while seeing profits per equity partner (PEP) dip by 13%.
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