Business
Trading update for the period ended 31 March 2019
Trading update for the period ended 31 March 2019.
About this update from Hansard Global Plc
[{"type":"text","content":"\n \nRNS Number : 4438Y Hansard Global plc 09 May 2019 \n\n \n \n \n \n9 May 2019\n \n \nHansard Global plc\nTrading update for the period ended 31 March 2019\n \n \nHansard Global plc (\"Hansard\" or \"the Group\"), the specialist long-term savings provider, issues its trading update for the quarter ended 31 March 2019 (\"Q3 2019\"). All figures refer to this period, except where indicated. Year to date figures refer to 1 July 2018 to 31 March 2019.\n \nSummary\n· New business for Q3 2019 was £34.1m in PVNBP (\"Present Value of New Business Premiums\") terms, an increase of 4% on Q3 2018;\n· Overall for the year to 31 March 2019, new business was £108.3m compared with the prior year period level of £109.8m;\n· The momentum with our locally licensed venture in the UAE has continued and is delivering very solid growth. New business in the Middle East & Africa region in Q3 2019 was up 14% compared to Q3 2018 and up 35% year to date;\n· We continue to see mixed results in other regions as both Hansard and distributors reposition aspects of their business in line with strategic and regulatory objectives;\n· Assets under administration recovered in line with global stock markets and were £1.03 billion at 31 March 2019 (£975m at 31 December 2018).\n \n \nGordon Marr, Group Chief Executive Officer, commented:\n\"We are pleased to have delivered a further quarter of new business growth with the main highlight clearly our locally-licensed partnership in the UAE. We remain optimistic that opportunity for growth exists across each of our regions and continue in particular to make progress in our licence application process in Japan.\"\n \n \nFor further information: \n\n\n\n\nHansard Global plc\n\n\n+44 (0) 1624 688 000\n\n\n\n\nGordon Marr, Group Chief Executive Officer\n\n\n \n\n\n\n\nTim Davies, Chief Financial Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nEmail: [email protected]\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCamarco\n\n\n+44 (0) 203 757 4980\n\n\n\n\nBen Woodford, Kimberley Taylor, Rebecca Noonan\n\n\n \n\n\n\n\n \n\n\nHansard Global plc\nTRADING UPDATE for the PERIOD ...