Business
New business results for year ended 30 June 2016
New business results for year ended 30 June 2016.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \nRNS Number : 4425F Hansard Global plc 28 July 2016 \n\n28 July 2016\n \n \n \nHansard Global plc\nNew business results for the year ended 30 June 2016\nHansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its new business results for the financial year ended 30 June 2016 (\"FY 2016\"). \nSummary\n· We have continued to deliver significantly increased new business levels compared to the prior financial year.\n· New business for Hansard International Limited (\"Hansard International\") for the full year to 30 June 2016 was £119.3m PVNBP (\"Present Value of New Business Premiums\"), approximately 97% higher than the prior year. \n· Q4 2016 new business of £32.6m PVNBP continues the growth momentum displayed in the past 4 quarters, having increased from £30.4m in Q3 2016 and being approximately 65% higher than Q4 2015. \n· The Middle East and Africa continues to be the standout region with a key product enhancement launched in Q4 being well received.\n· The recent vote in the United Kingdom to leave the European Union has no direct impact on Hansard in terms of the operation of its business activities or access to markets. Sterling weakness compared to the US dollar will be a benefit to income and profit levels if rates remain at current levels as the majority of premium contributions and assets under administration are in currencies other than sterling.\n \nGordon Marr, Group Chief Executive Officer, commented:\n\"We are pleased to announce the delivery of sustained new business growth quarter on quarter. The full year business levels have put us on a strong footing after a year of transition in 2015. We see further opportunities for growth in new and existing markets and are confident of achieving this in the coming financial year.\"\n \n\n\n\n\nFor further information: \n \n\n\n \n\n\n\n\nHansard Global plc \nGordon Marr, Group Chief Executive Officer\n \nTim Davies, Chief Financial Officer\n \n\n\n+44 (0) 1624 688000\n\n\n\n\nBell Pottinger \nDaniel de Belder\nDuncan Mayall\n\n\n +44 (0) 20 3772 2561\n\...