Cobra posts rising profits for 2016/7
Firm says it's looking to expand its broking business through acquisitions across the UK.
Cobra has posted revenue of £14.34m for the year to 31 March 2017, a 4% decrease from the £14.95m it achieved in 2016.
However, the company revealed a 140% increase in operating profits to £592,000 compared to £295,000 in the preceding year, as well as a 30% increase in pre-tax profit to £619,000 (2016: £475,000).
In addition, the firm posted a 33% rise in Ebitda to £1.44m in 2017, compared to £1.08m for the same time period in the preceding year.
The company noted that the results were
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