Insurance Age

Profit and revenue up at Jelf

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Insurance division sees surge in Ebitda for first six months.

Jelf Group has reported a rise in revenue of 9.7% to £39.3m for the six months ended 31 March 2014.

The increase came with a 25.3% jump in Ebitda to £5.9m (H1 2013: £4.7m).

The insurance division, which represents 68% of the group, recorded revenues of £26.8m - a 14.6% rise on the £23.4m in the same period of 2013.

Ebitda for the half year in the division grew by 41.4% to £4.4m (H1 2013: £3.1m).

Net debt
The net debt at the group rose to £13.1m (H1 2013: £1.4) which it put down to the cost of

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