THB profits rise on 31% growth

Insurance Age staff
10 Jul 2007

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The group posted 31% organic growth on continuing operations followed by a £2m gain from the sale of its provincial retail division.

Preliminary results issued to the Alternative Investment Market today showed:

Improved trading result from continuing operations: Turnover up 11% to £28.7 million (2005/06: £25.8 million) Operating profit up 20% to £2.9 million (2005/06: £2.4 million) Profit before tax up 31% to £2.43 million (2005/06: £1.85 million) Exceptional gain on sale of discontinued

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