BusinessCorporate FinanceVantis turnover soars 83%

Vantis turnover soars 83%

AIM-listed firm reports remarkable double-digit growth in profit and revenues

Vantis, the AIM accounting firm, said today that it had enjoyed an excellent
year as it reported an 83% increase in revenues and a 13% increase in profit for
the year ended 30 April, 2006.

The group released its results this morning after a two-day delay, and said
that it had continued to grow through acquisition and careful integration of its
purchases.

Chairman Paul Gourmand said its main growth areas had been in tax and
business recovery.

‘From the sound foundation of our core practice we are well positioned for

further strong growth, particularly in business recovery and taxation where we

are gaining an excellent reputation for our market-leading expertise,’ said
Gourmand.

Over the financial year, turnover increased by 83% to £71.2m. Profit on
continuing activities before goodwill, exceptionals, interest and tax was 97%
higher at £12.8m. Profit on ordinary activities before taxation was up 13% to
£4.5m.

Vantis’ share price was down 2p to 250p following the news.

Track Vantis’ share price here

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