Towergate bondholder report reveals £4m drop in Q3 earnings
Retail division was only part of company to improve turnover.
Towergate Holdings II, parent company of Towergate Insurance, has reported an adjusted Ebitda of £36.1m for the third quarter of 2013.
This is compared with £40m reported for the same period of last year. Adjusted Ebitda for the year to date was £118m, down from £123m at the same point in 2012.
Unaudited group operating profit for the first three quarters of 2013 was £45m, up from £42m last year.
Turnover was also up for the third quarter, from £108m to £109m, while comparing year-to-date
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