Business
New business results for year ended 30 June 2018
New business results for year ended 30 June 2018.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \nRNS Number : 7795V Hansard Global plc 26 July 2018 \n\n \n \n26 July 2018\n \n \nHansard Global plc\nNew business results for the year ended 30 June 2018\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 2018 (\"FY 2018\"). \nSummary\n· Overall for the year to 30 June 2018, new business for Hansard International Limited (\"Hansard International\") was £146.6m in PVNBP (\"Present Value of New Business Premiums\") terms, similar to the prior year;\n· New business for Q4 FY 2018 was £36.8m, up from £34.5m in Q4 FY 2017 and from £32.8m in Q3 FY 2018;\n· Significant growth in the Middle East, Africa and Latin America during the quarter was offset by lower sales in the Far East;\n· Assets under Administration of £1.04 billion are broadly in line with Q3 FY 2018.\n \nGordon Marr, Group Chief Executive Officer, commented:\n\"The actions we are taking to reposition the business are delivering encouraging results. Middle East and Africa are now generating improved sales levels and we plan to use our recently announced license in the Bahamas to support our rapidly growing Latin American and remaining global expatriate business. While our actions to exit certain distribution channels in the Far East have led to lower sales short term, we expect growth to return as we focus on more locally licensed opportunities in the future. We look forward to developing further licenses across our markets to support growth in the near, medium and long terms.\" \n \nResults announcement\nHansard will announce its results for the financial year ended 30 June 2018 on Thursday 27 September 2018.\n \n \n \nFor further information: \nHansard Global plc +44 (0) 1624 688 000\nGordon Marr, Group C...