Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
Dear Petrov,
It has been a year since I took over control of the UK division and I am pleased to report a result that is better than planned for the first six months of 2010.
The action taken to stop the large drop in revenue has been successful and we grew over the first six months of this year. Many of our competitors have experienced declining income. As anticipated, pre-tax profits were lower than the same period in 2009 but were better than plan. The whole market experienced a fall in
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