Oval sees broking profits rise

phillip-hodson-oval

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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