This Interim Management Statement ("IMS") is issued by Brewin Dolphin Holdings PLC as required by the UK Listing Authority's Disclosure and Transparency rules. The IMS relates to the third quarter to 30 June 2012.
Income
Income for the third quarter to 30 June 2012 was £66.8 million, 4.4% higher than the same period last year (26 June 2011: £64.0 million).
Recurring income now represents 67% of total income. This is partly due to the Group moving towards a transparent fee based model in accordance with our strategy, but also reflects a significant fall in the volume of trades in line with the market as a whole; volumes were down 26% in the first quarter of the year, 11% in the second quarter and 17% in the third quarter.
Total Income
|
|
Quarter to 30 June 2012 £'000 |
Quarter to 26 June 2011 £'000 |
% change |
|
Non-recurring income |
20,608 |
25,096 |
-17.9% |
|
Recurring income |
42,013 |
35,022 |
20.0% |
|
|
62,621 |
60,118 |
4.2% |
|
Other operating income |
4,150 |
3,854 |
7.7% |
|
Total income |
66,771 |
63,972 |
4.4% |
|
|
39 weeks to 30 June 2012 £'000 |
39 weeks to 26 June 2011 £'000 |
% change |
|
Non-recurring income |
64,805 |
78,828 |
-17.8% |
|
Recurring income |
120,628 |
104,907 |
15.0% |
|
|
185,433 |
183,735 |
0.9% |
|
Other operating income |
12,716 |
11,702 |
8.7% |
|
Total income |
198,149 |
195,437 |
1.4% |
