QM bonus pay-out is £900,000 as losses hit £600,000
Chairman Andrew Tuckey said the payments were related to the previous year's performance. He said that, excluding these payments, underlying profit was 300,000 compared to a 400,000 loss for the corresponding period.
Tuckey said the six months to the end of December was "a period of relative calm" after making a number of changes in the business including the closure of its US office.
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Hide AdRevenues were 5.3 million compared with 5.2m in 2009, while like-for-like advisory business revenues were up 14 per cent. The Edinburgh and London-based firm said that Morris Group, the house builder in which Quayle has a 23 per cent stake, traded "satisfactorily" despite "continuing difficult market conditions".
Investments in a range of smaller firms continued to trade profitably.
Quayle said sales at medical device firm Tayside Flow Technologies (TFT) remained "disappointingly slow" but that a new management team joined in November. The firm added the Dundee-based TFT will need to raise further funding in addition to the 300,000 raised for it by Braveheart Investment Group in December.
The company declared an unchanged 10p interim dividend.