Insurance Age

SSP releases results

SSP has released results for the six months ended September 2006, the first since it floated on AIM. Revenues increased by 41% to £17.9m (H1 2005: £12.7m) and profit after tax performed a complete turnaround, rising to £1.9m after posting a £500,000 loss in the same period last year. The flotation on AIM in October 2006 raised £31m, of which £15m went to the company with the remainder going to shareholders.