For management and reporting purposes, Hargreaves Lansdown's operations are divided into the following three business units: Vantage, Discretionary and Third Party/Other Services. These are described further in the Business Units section.
In the half year ended 31 December 2016, the contribution of each of the business units to Group net revenue was as follows:
|Net revenue*||31 December 2016||% of Group|
|Third Party / Other services||£11.3 million||6%|
*Net revenue is total revenue after deducting commission payable.
The following graphs provide a five year tend of our key financial data:
Comments from Ian Gorham, Chief Executive (8 February 2017):
"The diversified nature of the Hargreaves Lansdown business has enabled us to deliver significant growth in both revenue and profit. Despite macroeconomic uncertainties impacting investor confidence and net new business, clients continue to trust us with their money and benefit from our market-leading investment services. Mobile technology is a key part of our strategy and our new generation of iPhone and Android apps offer opportunities to further enhance our clients’ mobile experience."