Turnover breaks through £10m at Abbey Insurance Brokers
Operating profit up nearly a third but post-tax profits down due to exceptional costs.
Abbey Insurance Brokers has broken through the £10m turnover barrier with a 6% rise taking it to £10,100,000 for the year ended 31 March 2015.
According to results filed at Companies House the Carrickfergus headquartered broker achieved a 30% rise in operating profit to £1.01m from £775,000 in 2014.
The Ebitda also rose 20% to £1.79m (2014: £1.49m).
However, profit after tax dropped to £247,000 from £367,000 in the previous 12 months.
The company listed that it had been impacted by £405,000 of
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