Debenham Tewson & Chinnocks has announced a 52% increase in pre-tax profits to £11.8m.
Profits were boosted by contributions from European operations acquired during the year.
The company has avoided the strategy of many of its competitors who have agreed to take-over bids by larger international groups. Instead Debenham Tewson has improved global reach by buying stakes in other operators.
Financial Times 30/06/99 page 26
