Brewin Dolphin rides the storm

Monday 8th December 2008, 2:30PM GMT.

BREWIN Dolphin has released a steady set of results for the period up to 28 September, although pre-tax profits fell by £5.5m. compared to the same period last year.

In its preliminary results for the year so far, pre-tax profits fell 13% from £41.7m. to £36.2m.

Total income was also down, by £3m. at £206m., and discretionary funds fell by 4.7% to £10.2bn., although this did occur during a difficult time for the FTSE.

However, the total dividend rose from 6.875p in 2007 to 7.1p, while profits in its asset management business rose to £29.6m. from £27.7m. last year.

Dale Hubber-Richards (pictured), divisional director at the company’s Guernsey office, said the results were OK considering the turbulent times.