Hartleys has reported a significant drop in revenue and a huge reduction in profit from its bumper 2011 result, but the stockbroker nonetheless remained well in the black, lodging a net profit of $10.1 million for the 12 months to June 2012.

The profit was down 57 per cent on the previous year, while revenue of $48.3 million was well down on the $72.8 million recorded in FY2011, according to accounts lodged with ASIC.