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Lighthouse Group announces interim results

The groups turnover is up by 36% to £12.9m and gross profit is up by 112% to £3.3m. Group operating loss – before exceptional item, depreciation and amortisation of goodwill – is £0.9m, up from £0.8m in 2003.

Lighthouse has also recruited 34 advisers formerly authorised by Broadstone IFA.

David Hickey, chairman of the Lighthouse Group, says: “These results demonstrate further progress by Lighthouse, with turnover and gross profit both showing substantial growth during the six months. While losses were recorded at the EBITDA and pre-tax levels for the interim period, I am pleased to say that, since June 30 2004, Lighthouse has been modestly profitable at the EBITDA level, and accordingly the board looks forward to further progress during the second half of the year.”

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