25th Sep 2020 10:42
Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - Swings to GBP108,000 pretax loss for six months ended June 30 from GBP753,000 profit the year before. Revenue rises 14% to GBP23.3 million from GBP20.4 million. Net insurance claims and loss adjustment expenses 25% higher at GBP16.4 million from GBP13.1 million plus operating expenses up 6.0% at GBP7.0 million from GBP6.6 million. Evaluating an attractive acquisition pipeline. Exploring a potential fundraising.
Current stock price: 96.00 pence
Year-to-date change: down 28%
By Anna Farley; [email protected]
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