Trio Interim Profits Drop 39 Per Cent As Exco Offering Sets 175 Pence Price

BROKERS

Trio Holdings, the parent company of money broker Martin Bierbaum, has reported interim pre-tax profits of £1.454 million for the six months ended 31 March, a 39 per cent decline from the 1993 interim figure of £2.391 million. Meanwhile, rival Exco last week announced details of its public stock offering, which values the company at £215.5 million and forecast interim pre-tax profits of at least £27.5 million.

Trio chairman David Hagan says the drop in the broker's pre-tax profits is the

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