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Aukett Fitzroy Robinson profits jump by 200 per cent

Newly released figures show that Aukett Fitzroy Robinson's profits soared up by 200 per cent in 2007, up from £1.6 million in 2006 to £2.4 million before tax.

The firm has also announced the retirement of its chairman Gerry Deighton, who will take up the role of honorary president for the next two years.

The AIM-listed practice, which published its results to the market today (15 January), recorded a 21 per cent increase in turnover – up to £19.7 million for 2007.

According to the practice, the impressive performance was down to its international operations working well, particularly Russia where it has signed four new contracts worth $240 million (£122 million).

Chief executive Nick Thompson said: ‘The Moscow office is now converting residential opportunities in Black Sea resort Sochi, in the Krasnodar region, and in the Ukraine for Conrad Hilton.

‘Our offices in Prague and Bratislava further improved on last year's excellent results, and continue to enjoy a range of new enquiries from a broad spectrum of commercial clients.’

The firm, which climbed three places to 15th in last year’s AJ 100, also saw its return on total assets increase by 10.5 percentage points, meaning the practice now sees an 18.6p return on every pound it earns.

Aukett Fitzroy Robinson’s business efficiency, which is calculated by deducting the percentage growth of costs from the percentage growth in turnover, is 9.4 foor 2007.

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