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Hammonds PEP falls by 9% while turnover edges up
Hammonds has posted a drop in profits per equity partner (PEP) of over 9% for the last financial year, as the national giant becomes the latest firm to announce its year-end figures. Year-end results announced this week put Hammonds? PEP for the 2007-08 financial year at £367,000, a 9% drop from last year?s figure of £404,000. Turnover at the firm increased by 3.4% to £132m, up from last year?s figure of £127.6m, while pre-tax profits stood at £27.3m.