IN BRIEF: Hansard Global profit up despite challenges; optimistic
Hansard Global PLC - specialist long-term savings provider - Says it is aiming for increased sales and long-term growth as it reports a profit rise despite challenges. Net asset value per share rises 3.8% to 16.2 pence as at December 31, from 15.6p a year prior. Pretax profit climbs 32% to GBP4.1 million in the six months to December 31, from GBP3.1 million a year before. Notably, investment and other operating income jumps 90% to GBP44.3 million from GBP23.3 million. However, costs arising from the change in provisions for investment contract liabilities increase 93% to GBP41.7 million from GBP21.6 million. Looking ahead, Chief Executive Officer Graham Sheward says that despite a challenging environment for investment and long-term savings plans, the company is targeting future new business growth and cost efficiencies. Read More