Swinton sees 26% 2013 profit drop

Arrow going down

High street broker Swinton has reported post-tax profit of £14.1m for 2013, a 26% decrease on its prior year result.

Turnover at the company increased 1%to £304.6m and operating profit decreased 11% to £32.9m which Swinton attributed to branch closures.

The broker now has 395 branches in its network, down from 446

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