Oval chief eyes breaking £20m Ebitdae barrier

Peter Blanc

The broker has been buoyed after posting an encouraging set of financial figures for the year ended 31 May 2012.

After taking account of exceptional one-off items such as restructuring costs incurred in the year, the underlying profitability of the group (Ebitdae) grew by 16% to £17.7m (2011: £15.3m).

And Mr Blanc remains focused on surpassing this in a year's time. "I would dearly like to get it to £19.5m Ebitdae on an organic basis," he told Insurance Age.

"But I would really love this to be

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