Durlacher announces 'four-fold' results growth

UK internet investment company Durlacher has announced a four-fold rise in profits for the fiscal year.

Pre-tax profits for the year ending 30 June were up to £12.2m, from £2.7m for the previous year. Turnover was up to £28.5m, from £13.2m. Durlacher also announced net assets totalling £36.7m, up from £8.5m and its market capitalisation was £320m, compared with £64m a year earlier.