Oval sees broking profits rise
Oval group chairman Phillip Hodson has welcomed the return of the "missing ingredient" of confidence after the broker released its full results.
Following on from headline figures reported earlier this week the group revealed that turnover in the Oval Insurance Broking business - which includes Oval Insurance Broking, Oval Healthcare and Oval International - rose by £2.7m to £85.4m, a 3% increase.
Profitability by all measures improved within the division.
Profit before tax came in at £15.1m (2011: £13m) with Ebitda higher at £15.5m (2011: £13.7m) and excluding exception items higher again at £16.8m (2011: £13.9m).
The broker attributed
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