Business
Interim Results
Interim Results.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 7487B Hansard Global plc 24 February 2011 \n \n\n24 February 2011\n \nHansard Global plc\n \nResults for the six months ended 31 December 2010\n \nHansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its results for the six months ended 31 December 2010 (\"H1 2011\"). \nThe Group has had a good start to the financial year reflected in improved new business flows, continued positive operating cash flows and increased assets under administration.\nSummary\n \n\n\n\n\nSix months ended 31 December\n\n\n2010\n\n\n2009\n\n\n\n\nPresent value of new business premiums\n\n\n£114.5m\n\n\n£73.5m\n\n\n\n\nNew business margin after tax\n\n\n7.4%\n\n\n6.9%\n\n\n\n\nEEV operating profit after tax\n\n\n£9.7m\n\n\n£7.1m\n\n\n\n\nIFRS profit after tax\n\n\n£8.4m\n\n\n£9.2m\n\n\n\n\nIFRS basic earnings per share\n\n\n6.1p\n\n\n6.7p\n\n\n\n\nInterim dividend per share\n\n\n5.75p*\n\n\n5.50p\n\n\n\n\n \n\n\n\n\nAs at\n\n\n31 December\n\n\n30 June\n\n\n\n\n\n\n\n2010\n\n\n2010\n\n\n\n\nAssets under Administration\n\n\n£1,303.3m\n\n\n£1,134.7m\n\n\n\n\nEuropean Embedded Value\n\n\n£263.4m\n\n\n£247.0m\n\n\n\n\n \n* Payment date - 31 March 2011\n \nLeonard Polonsky, Chairman of Hansard Global plc, commented:\n \n\"I am delighted that our continued investment in distribution infrastructure and focus on particular growth markets has delivered new business growth of 50% over the previous year. \nThe Group's confidence in its future prospects is reflected in the Board's decision to increase the interim dividend by 4.5% to 5.75 pence per share, which is covered by IFRS earnings in the period.\n \nEven though we continue to face economic uncertainty, we shall continue to deliver excellent service to Independent Financial Advisors and their clients, maintain profitable growth and generate value for our shareholders.\"\n \nFor further information\n \nHansard Global &...