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Trading statements

Hansard Global sales in line with forecasts

28 January 2016 09:45

Hansard Global, the specialist long-term savings provider, says the trend of increasing sales during the past three quarters has continued in line with its expectations.

And it says the initial success of its strategic roll-out in the Middle East has started to be replicated in other regions this quarter, where it is experiencing strong initial growth.

Summary:

- Including a GBP8.3m new investment into a Hansard product by the Group President on arm's-length terms, new business in Q2 of the 2016 financial year, measured on a Present Value of New Business Premium basis, was GBP36.8m. This is approximately 88% higher than Q1 FY 2016 and 136% higher than the equivalent quarter in the prior year; - New business for H1 2016 was £56.4m PVNBP, which is approximately 92% higher than the prior year period (including the new investment by the Group President).

Group chief executive Gordon Marr said: "It is very pleasing to see the roll-out of our strategy delivering strong results. We have a growing, well-diversified business and continue to work hard to deliver on the opportunities that we have identified."

At 9:45am: (LON:HSD) Hansard Global PLC share price was +9p at 112p

Story provided by StockMarketWire.com

Related Company: HSD

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