Bierbaum Holding Company Reports £3.21m Interim Loss
BROKERS
Trio Holdings, the holding company for money broker Martin Bierbaum, reported a pre-tax loss of £3.21 million for the first half of its fiscal year, ended March 31, after making provisions for exceptional redundancy and reconstruction costs. For the same period last year, the company reported a £1.45 million profit.
Executive chairman David Hagan attributes the poor results to "extremely difficult market conditions." Bank clients suffered from difficulties in the volatile markets following the
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