Abbey Protection enjoys 6% post-tax profit rise
Abbey Protection has seen its post-tax profits edge up 6% to £4.2m for the first half of the year, up on the £3.9m recorded for the same period last year.
The legal expenses provider reported that both pre-tax profits and EBITDA remained stable at £5.2m and £5.5m respectively.
Total revenue grew 8% to reach £20.7m [H1 2012: £19.2m], with CEO Colin Davison describing the performance as "satisfactory" in light of reduced profits from its captive insurance company Ibex.
He continued: "The resilience of our core business model supported the payment of a special dividend of £5m (5p per share) in May and the proposed increased interim dividend
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