6th Mar 2025 19:51
Hansard Global PLC - specialist long-term savings provider - declares unchanged interim dividend of 1.8p per share for the six months ended December 31. Reports pretax profit of around GBP500,000, down 88% from GBP4.1 million the year before "due to currency movements, strategic investment, new IT system depreciation costs, and litigation costs". Fees & commissions decrease to GBP21.3 million from GBP21.5 million, while investment & other income fall to GBP2.4 million from GBP3.1 million. New business sales in PVNBP terms however increase 36% to GBP49.1 million from GBP36.2 million. Chief Executive Thomas Morfett says: "There are early signs that our recently launched products and fund range are appealing to clients and advisors. Nevertheless, as we navigate continuing regulatory changes and a challenging financial landscape, we anticipate that it will take time for the growth in new business to translate into improvements in income and profitability."
Current stock price: 50.50 pence, down 0.5% in London on Wednesday
12-month change: up 3.9%
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Hansard