Revenue flat as Jelf moves into profit

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.