Coface reports improved turnover and jump in profit


Of the total turnover, £766m was generated by the insurance segment of the business, a 7.2% increase on insurance turnover for the first half of 2011, at £715m.

Operating profit also increased, by 25.8%, from £77m in H1 2011 to £97m for the first six months of this year.

The credit insurance specialist said that it continues to meet its commitments to profitable and autonomous growth, as demonstrated by the solid performance in the first half of the year, despite the difficult economic climate.

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