6th Apr 2006 07:00
Innovation Group PLC06 April 2006 Embargoed until 0700 6 April 2006 THE INNOVATION GROUP PLC Trading Update The Innovation Group ("the Group"), which provides outsourcing services andsoftware solutions to the world's insurance markets, today announces a tradingupdate for the six months ended 31 March 2006. The Board is pleased to report that it expects Group results for the six monthsended 31 March 2006 to be consistent with its overall expectations. Revenue andoperating profits before amortisation and share based payments have increasedsignificantly compared to the same period last year. Outsourcing continues to perform well as we focus on increasing the volumes andproduct range within our existing clients. In addition, ServiceKonzept, acquiredin January 2006, is progressing well. Software has had a good first half, withfive contract wins. The most recent win in March was to provide the software forone of the leading direct insurers in Australia. The Group intends to announce its results for the half year on 23 May 2006. Enquiries: The Innovation Group plc 01489 898300Hassan Sadiq, Chief Executive Officer Paul Smolinski, Group Finance Director Smithfield 020 7360 4900Sara Musgrave/ Tania Wild This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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