Cobra Holdings encouraged by maiden interium results


Revenues increased by 53% to £7.4 million Operating profit up 3% to £1.1 million Group operating profit margin before amortisation and depreciation 14% (2006: 21%) with future improvements expected Acquisition of 60% of GAL Ltd, increasing our overall ordinary shareholding to 100% Number of Network members increased from 98 to 110, and continues to grow Significant expenditure on expanding and integrating the London Market operation and Underwriting systems Growth continues

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