Business
Final Results - Replacement
Final Results - Replacement.
About this update from Hansard Global Plc
[{"type":"text","content":"\n RNS Number : 1584E Hansard Global plc 24 September 2008 \n \n\n\n\nReplacement RNS for 1424E.\nThis RNS replaces a previous Final Results statement issued for Hansard Global at 7am on 23/09/08.\nThe Consolidated Balance Sheet now includes an Assets table.\n\n\n24 September 2008\nHansard Global PLC\n('Hansard Global' or the 'Company')\n \n\nPreliminary results for the year ended 30 June 2008\n\nHansard Global plc, the specialist long-term savings provider, today announces its results for the year ended 30 June 2008.\n\nHighlights\n\nEEV operating profit after tax for the year increased by 26.1% to £47.9m (2007: £38.0m)\n\nEEV of the Group at 30 June 2008 has risen to £243.1m, an increase of 11.5% (30 June 2007: £218.0m)\n\nEEV per share increased to 177.1p as at 30 June 2008 (2007: 158.8p)\n\nIFRS profit after tax up 18.3% to £23.3m (2007: £19.7m)\n\nRobust new business margins of 7.8% on a PVNBP basis (1) (2007: 8.3%)\n\nAssets under administration at 30 June 2008 were £1,137.4m, an increase of 0.6% (30 June 2007: £1,130.2m)\n\nA final dividend of 7p per share making a total ordinary dividend of 12p per share, an increase of 20% (2007:10p per share).\n\n \nDr Leonard Polonsky, Hansard Global's Chairman, commented:\n'Hansard has performed well over the past 12 months, despite the impacts of the credit crisis and turbulence in the financial markets. Profit after tax, EEV, cashflows and dividends are all up on the prior year and margins have remained robust at 7.8%, well above the industry average. \nWe believe that, in the short-term, single premium new business flows will be significantly restrained and are not expected to match the flows experienced in the first six months of the last financial year. However, the flow of regular premium cases is expected to remain robust.\nWhilst the outlook for the near term is likely to be affected by continuing market uncertainty, the Group has the right fundamentals in place to withstand the downturn and is well positioned for growth as and when market conditions improve.'\nNotes\n(1) Present Value of New Business Premiums\n\n \nFor further information, please contact\n\nHansard Global Plc  ...