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Aukett Fitzroy Robinson sees profits soar

Aukett Fitzroy Robinson (AFR), the practice born in 2004 from the merging of Aukett and Fitzroy Robinson, has reported a massive hike in profits.

The listed practice has seen its profits quadruple from £159,000 last year to £786,000, according to a financial statement released this morning.

This coincided with a large increase in turnover, which rocketed from £12.6 million to £16.3 million.

These results represent a major turn-around for the Aukett part of the business, which, prior to its merger with Fitzroy Robinson, had suffered plummeting results and a shareholder rebellion.

AFR chief executive Nicholas Thompson said the results were down to the buoyancy of the commercial property market in the UK and the booming Russian economy.

Thompson revealed that the practice had eight signed contracts in Russia, worth $6 million in fees over forthcoming years.

by Ed Dorrell

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