Half Year Results 

Mattioli Woods focuses on costs

Mattioli Woods focuses on costs

Volatile markets and political uncertainty hampered revenue growth for Mattioli Woods (MTW) during its first half. However, the wealth manager remained focused on operational efficiencies, which helped to push adjusted cash profit margins to 26.4 per cent, up from 22.9 per cent a year ago and ahead of management’s 20 per cent target. This meant that despite a very modest rise in revenue, adjusted cash profits were up almost a fifth.

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