May 17, 2018 / 6:14 AM / in 5 months

BRIEF-WH Ireland says costs, reduced deals add to losses

May 17 (Reuters) - WH Ireland Group PLC:

* SAYS BOARD OF WH IRELAND GROUP PLC TODAY ISSUES A TRADING STATEMENT FOR 16 MONTH PERIOD TO 31 MARCH 2018.

* SAYS COMBINATION OF REDUCED TRANSACTIONS FROM CORPORATE AND INSTITUTIONAL BROKING DIVISION AND CONTINUATION OF HIGHER COSTS IN PRIVATE WEALTH MANAGEMENT DIVISION WILL RESULT IN AN INCREASED LOSS FOR 16 MONTH PERIOD FROM THAT REPORTED AT SECOND INTERIM 12 MONTH PERIOD ENDED 30 NOVEMBER 2017

* SAYS LOOKING FORWARD TO YEAR ENDING 31 MARCH 2019, BOARD ANTICIPATES STRONG PROGRESS IN GROUP’S PROFITABILITY DURING CURRENT FINANCIAL YEAR. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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