Group posts 340pc rise

REGENT Pacific Group has announced a 340 per cent increase in profit to $75.28 million for the six months to September 30.

Turnover increased 305 per cent to $134 million, up from 33.36 million for the same period last year.

Earnings per share on a weighted basis were 71.9 cents, compared with 17.9 cents previously.

In the first half of the year, the company bought a stake in Trio Holdings, a publicly listed British money market broking group.