Craigs Investment Partners 2013 profit more than triples to record, led by brokerage

Mon, 24 Mar 2014

By Jonathan Underhill March 24 (BusinessDesk) - Craigs Investment Partners, the brokerage owned by its executives and Deutsche Bank, more than tripled profit in 2013 as a boom year for share sales drew investors back to the market and lifted the firm’s funds under management. Profit rose to a record $17.8 million in calendar 2013, from $5.7 million a year earlier, according to the Tauranga-based company’s annual report. Sales jumped 46 percent to $109 million. The company paid dividends of $15.41 per qualifying share, or $12.3 million for 201...

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