Jelf reports £616,000 loss; chairman to leave

alex alway april2010

In the six month period, group revenue remained largely flat at £34.9m (2009: £35m) but EBITDAE increased by 20% to £4.1m and the EBITDAE margin rose by 20% to 12% (2009: 10%).

Net debt reduced to £13.6m (31 March 2009: £38.8m, 30 September 2009: £30.7m) while operating profit stood at £977,000, compared to a £429,000 loss for the same period in 2009.

Alex Alway, group chief executive, said: “The wider economic climate remains challenging but Jelf maintained its revenue levels and, thanks to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: