UK - Edinburgh Fund Managers (EFM) profits' have taken a dramatic plunge, falling from £8.6m to just £1.6m in 2001, with chairman John Wright warning that whilst the first few months of the year were encouraging, "investment and trading conditions remain challenging".
Excluding £3.7m worth of goodwill and exceptional items, EFM’s 2001 pre-tax profits fell from £12.5m to £6.5m. Assets under management fell to £7.1bn from the £8.6bn registered in 2000. Administ...
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