Business
Results for the six months ended 31 December 2017
Results for the six months ended 31 December 2017.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \nRNS Number : 5859F Hansard Global plc 22 February 2018 \n\n \n \n22 February 2018\n \n \nHansard Global plc\nResults for the six months ended 31 December 2017\nHansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its results for the six months ended 31 December 2017. All figures refer to the six months ended 31 December 2017 (\"H1 2018\"), except where indicated. \n \nFINANCIAL HIGHLIGHTS\n· New business levels for the Group were £77.1m for H1 2018 on a Present Value of New Business Premiums (\"PVNBP\") basis, up 3% from H1 2017; \n \n· IFRS profits were £3.5m for the period, down from £4.4m in H1 2017. Profits were reduced by lower income in Hansard Europe, increased litigation defence costs and foreign exchange fluctuations;\n \n· EEV profit after tax was £3.9m (H1 2017: £8.5m) as significant foreign exchange gains of H1 2017 were not repeated;\n \n· New business margin was marginally positive at 0.1% for H1 2018 (H1 2017: 1.3%), affected by increased acquisition expenses and business mix;\n \n· Assets under administration have increased since 30 June 2017 by £37m or 3.5% to £1.09 billion;\n \n· The Board has declared an interim dividend of 1.8p per share (H1 2017: 3.6p), in line with previous guidance.\n \n \nSTRATEGIC HIGHLIGHTS\n· The Board remains confident of sales growth in 2018 and beyond with a number of new key distribution agreements well advanced;\n \n· The office of strategic management is making good progress in the establishment of new licenses;\n \n· The strategic alliance in the UAE has started to provide a material contribution to new business.\n \n \n \n \nFINANCIAL DATA\n \n \n\n\n\n\n \n\n\nH1 2018\n\n\n H1 2017\n\n\n\n\nNew business sales - PVNBP\n\n\n£77.1m\n\n\n£74.9m\n\n\n\n\nIFRS profit after tax\n\n\n£3.5m\n\n\n£4.4m\n\n\n\n\nEEV profit after tax\n\n\n£3.9m\n\n\n£8.5m\n\n\n\n\nIFRS basic earnings per share\nInterim dividend - to be paid on 10 April 2018\n\n\n2.5p\n1.8p\n\n\n3.2p\n3.6p\n\n\n\n\n \n\n\n\n\nAs at\n\n\n31 Dec...