Brewin Dolphin profit falls as market sell-off eats into assets
Share:
(Reuters) - Brewin Dolphin posted a fall in first-half earnings on Wednesday as the coronavirus-related market sell-off towards the end of the period saw assets under management (AUM) fall by 3.6 billion pounds.Statutory pretax profit dropped 5.1% to 28.2 million pounds for the six months ended March 31, while AUM stood at 41.4 billion pounds, a decrease from 45 billion pounds at its fiscal year-end.