Revenue rises at Seventeen Group in 2018
Business also reports falling profits due to costs related to acquisitions.
Seventeen Group has posted a 12.5% rise in revenue to £18.4m for the full year 2018 (2017: £16.4m).
The business also reported a fall in pre-tax profit to £812,716 in 2018 from £1.3m in the preceding year.
In addition, operating profit decreased to £1.0m (2017: £1.4m), while administrative expenses rose to £17.4m (2017: £14.0m).
According to Seventeen Group the reduction in profit had been expected and was driven by increased amortisation charges incurred following acquisitions.
Deals
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Brokers push for more from RSA/NIG
- Aviva’s David Martin on the art of the possible
- Acrisure expands in southern England with two buys