Community Broking Group (CBG) reported pre-tax profits of £148,000 for the six months ended 30 June 2004, up from the £107,000 reported for the first half of 2003.
CBG reported an operating profit of £141,000, boosted by acquisitions made during the first half of the year. But is said organic growth had exceeded 17%.
Profit after tax increased from £77,000 in the first half of 2003 to £104,000.
The company said it would not pay out an interim dividend, but said it was considering the payment of a final dividend once the full year's results were known.
CBG acquired two businesses during the first half of 2004, it said. MVA Healthcare, a specialist healthcare broker was acquired on 1 January, while SME broker Cloughley Insurance Services was acquired on 1 March.
CBG's most recent acquisition Carpenter Rees Jackson was acquired on 9 July and so has no impact on the half-year results.
The company said it intended to make further acquisitions during the second half of the year.
