Trio Reports 1997 Operating Loss, But Hagan Upbeat Despite Results

BROKERS

LONDON--Money broker Trio Holdings reports a total operating loss of £2.4 million for the 1997 year-ended September 30. Notwithstanding the 1997 loss, chairman David Hagan says first half earnings expectations are looking brighter, despite the continuing problems facing traditional voice brokers in the face of electronic alternatives and the consolidation among the banking sector.

Hagan describes the past year as "an arduous 12 months of highly pro-active rationalization and consolidation". T

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