Lighthouse board pleased with first half progress

Financial advisory company Lighthouse Group updated the market on its trading for the six months ended 30 June on Friday, reporting that it continued to trade positively in the first half of 2018, in line with management's expectations and ahead of the comparator period for the six months ended 30 June 2017.

The AIM-traded firm said it had continued to maintain a “strong” balance sheet, with cash balances at period end amounting to £9.6m, and nil debt, compared to balances of £8.1m, net of £0.4 million mortgage since redeemed last year.

“The board is pleased with trading to date in 2018 and is confident of further progress over the remainder of the year,” the company’s directors said in their statement.

Lighthouse Group said it would be announcing its half-year results for the six-month period ended 30 June on 4 September.