Cobra Holdings encouraged by maiden interium results
Cobra Holdings, the UK-based retail and wholesale insurance broking group, has reported its maiden interim results for the six month period ended 30 June 2007.
Highlights
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 continuesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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