Revenue flat as Jelf moves into profit

Alex Alway

The improvement came despite revenue remaining flat at £35m (2010: £34.9m).

The company said the increase in profits was due to a continuing focus on cost control and operating efficiencies. Operating profit improved 49% to £1.5m (2010: £1m).

Jelf also confirmed it had repaid £1.5m in debt reducing the total to £14.5m (2010: £16m) adding that no penalty was incurred.

Revenues from insurance were consistent representing 64% of Jelf's total income for the six months with the company adding that it

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