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Trading statements

Hansard increases levels of new business

10 November 2016 09:34

Hansard Global says it continued to deliver significantly increased new business levels in the quarter to the end of September compared to the prior financial year.

New business for Hansard International for Q1 FY 2017 was £33.9m in present value of new business premiums terms, approximately 73% higher than Q1 of the prior year and 4% higher than the final quarter of FY 2016.#

The Middle East & Africa and Rest of World regions continue to be the key drivers of this growth, in line with the continued implementation of the group's strategy.

Assets under administration have increased since the last quarter by £58m or 6% to £982m.

Group chief executive Gordon Marr said: "We are pleased that our increased levels of new business continue to demonstrate the sustainability of the trend established over the past 12 months and it is particularly encouraging to achieve further growth in comparison with the final quarter of the 2016 financial year. Despite global political and economic uncertainties ahead, we are confident of making further progress on our strategic goals and delivering continued growth during the remainder of the year."

At 9:34am: (LON:HSD) Hansard Global PLC share price was +3.5p at 105.5p

Story provided by StockMarketWire.com

Related Company: HSD

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