Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
Of the total profit, £820,000 came from the group’s insurance operation.
The group also reported stable revenue for the first half of the financial year, to £35.2m, compared with £35m in the same period of 2011.
Revenues for the insurance business grew by 4% in the period, to £23.3m (2011: £22.3m), and represent 66% of the total group revenue.
EBITDA for the insurance segment grew by 11% to £2.9m in the six months ended March 2012, compared to £2.6m reported in the same period of the previous
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