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Trading statements

Hansard Global takes on new business

13 November 2015 08:58

Hansard Global, the specialist long-term savings provider, has reported that for the three months ended 30 September 2015 it continued to write increasing levels of well-diversified business.

It said it had enjoyed particular success in the Middle East where its strategy implementation has had the most time to take effect,

New business in the first quarter of its current financial year, measured on a Present Value of New Business Premiums ("PVNBP") basis, was approximately 42% more than in the same period a year earlier.

The Group traded profitably during the period and generated positive cash flows.

Gordon Marr, group chief executive officer, commented: "Despite global stock markets experiencing significant declines during the past quarter, we are pleased that the encouraging trend in our new business levels has continued and that we have maintained the momentum that we have built up over the past two quarters in both the levels of business written and our pipeline.

"We are encouraged by the results we are seeing from our approach and continue to work hard to ensure that the strategic investment made to our products and distribution network is leveraged across all the regions where we operate."

At 8:58am: (LON:HSD) Hansard Global PLC share price was -7p at 110p

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