Business
Results for the six months ended 31 December 2019
Results for the six months ended 31 December 2019.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \n \n RNS Number : 0525F\n Hansard Global plc\n 05 March 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 5 March 2020\n \n \n \n \n \n \n \n \n Hansard Global plc\n \n \n Results for the six months ended 31 December 2019\n \n \n Hansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider\n , \n issues \n its results for the six months ended 31 December 2019. \n All figures refer to the six months ended 31 December 2019 (\"H1 2020\"), except where indicated. \n \n \n SUMMARY\n \n \n · \n As previously reported, new business levels for the Group were £80.1m for H1 2020 on a Present Value of New Business Premiums (\"PVNBP\") basis, up 8% from H1 2019; \n \n \n \n \n \n · \n IFRS profits were £2.6m for the period, down from £3.0m in H1 2019. Profits were impacted by a £0.9m decrease in investment income as a result of foreign exchange movements and lower deposit interest rates;\n \n \n \n \n \n · \n Underlying revenue increased with fees and commissions earned up to £25.5m in H1 2020 compared to £25.0m in H1 2019;\n \n \n \n \n \n · \n The value of in-force and assets under administration have remained relatively consistent with that of 30 June 2019;\n \n \n \n \n \n · \n The Board has declared an interim dividend of 1.8p per share (H1 2019: 1.8p);\n \n \n \n \n \n · \n Japan development continues to progress as we build and sign-off operational models with selected distribution partners;\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 2020\n \n \n \n \n H1 2019\n \n \n \n \n \n \n New business sales - PVNBP\n \n \n \n \n £80.1m\n \n \n \n \n £74.1m\n \n \n \n \n \n \n IFRS profit after tax\n \n \n \n \n £2.6m\n \n \n \n \n £3.0m\n \n \n \n \n \n \n IFRS basic earnings per share\n \n \n Interim dividend - to be paid on 21 April 2020\n \n \n \n \n 1.9p\n \n \n 1.8p\n \n \n \n \n 2.2p\n \n \n 1.8p\n \n \n \n \n \n \n \n \n \n \n \n \n \n As at\n \n \n \n \n 31 December\n \n \n \n \n 30 June\n \n \n \n \n \n \n \n \n \n 2019\n \n \n \n \n 2019\n \n \n \n \n \n \n Assets under Administration\n \n \n \n \n £1,080m\n \n \n \n \n £1,080m\n \n \n \n \n \n \n Value of In-Force 1\n \n \n \n \n £135.7m\n \n \n \n ...