Miller Fisher profits lower than expected

The share price of financial services group Miller Fisher sank by 18.7 per cent, to 44

The share price of financial services group Miller Fisher sank by 18.7 per cent, to 44.5p sterling, following publication of lower than expected profits for 1999 and a statement that 2000 has had a "mixed" start. The latest results show a 21 per cent increase in the profit before amortisation and exceptional items from £4.3 million to £5.2 million in 1999 on turnover of £59.5 million, up from £40.9 million. Expenses involved in changing the domicile to the UK amounted to £260,000.