Daniel Stewart out of red after buying Mena-RL

first_imgTuesday 19 October 2010 7:35 pm Daniel Stewart out of red after buying Mena-RL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp KCS-content Share center_img Show Comments ▼ whatsapp DANIEL Stewart Securities returned to profit in the first six months of the year following its acquisition of Dubai based financial adviser Mena-RL in May, it said yesterdayPre-tax profit rose to £190,572, or 4p per share, for the first six months to 30 September compared with a loss of £699,000 for the same period a year earlier. Net assets also rose to £5.7m compared with £4.1m a year earlier, while revenues grew to £3m – up £1m year-on-year. Peter Shea, group chief executive, said the acquisition of Mena-RL had led to a substantial increase in international business, particularly from Asia. The opening of a new office in Kuala Lumpur had also resulted in a number of new clients and several new institutional investors.And the company launched a retail stockbroking division, which had successfully opened in excess of 450 accounts and now had assets under management of over £65m.Mena-RL is headed by Adam Wilson, who pulled out of taking up the role of chief executive of Daniel Stewart at the last minute earlier this year. Wilson previously sold Hichens Harrison to India’s Religare Enterprises for £55m in 2008. Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img

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