Source - SMW
Lighthouse Group posts pre-tax profits of  £829,000 for the six months to the end of June - 131% up on last time.

Revenues were slightly lower £23.78 million against  £23.94 million) but the average annualised revenue production per adviser increased by 6% to £96,000 (H1 2015: £91,000) and operating expenses fell by £418,000 to £6.13 million. EBITDA increased 40% to £1.01 million (H1 2015: £0.72 million).

Chairman Richard Last said: "The unaudited results for the six months ended 30 June 2016 highlight the continued progression of the Group's activities and the focus on sustainable operational efficiency, with EBITDA for the six months increasing by 40 per cent. to over £1 million. 

"Continued progress in developing proprietary auto-enrolment and investment products is expected to contribute to future growth in profits."