Business
Final Results - Replacement
Final Results - Replacement.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n \nRNS Number : 9580Z Helios Underwriting Plc 01 June 2016 \n\nHelios Underwriting plc\n(\"Helios\" or the \"Company\")\n \n \nReplacement: Final Results for the year ended 31 December 2015\n \nFurther to the announcement on 31 May 2016 at 7.00 a.m. under RNS no. 6067Z in respect of the Company's Final Results for the year ended 31 December 2015, the Company advises that the record date for the payment of dividends is 10 June 2016 and not 28 June 2016 as previously stated. The Company also advises that the deadline for scrip dividend elections is 29 June 2016.\n \nIn addition, the profit for the year in the Highlights section and the consolidated statement of comprehensive income is correctly stated but in the table on page 1 should have been correctly stated as £789,000 and £2,056,000 for the years ended 31 December 2015 and 2014 respectively.\n \nAll other statements in the announcement made on 31 May 2016 remain correct.\n \nThe corrected text of the full announcement is set out below:\n \n \nFinal results for the year ended 31 December 2015\n \nHelios is pleased to announce its final results for the year ended 31 December 2015\n \nHighlights\n \n· Premium written during the period totalled £21.5m (2014: £17.1m)\n· Increased use of quota share reinsurance to reduce exposure\n· Reduced exposure has enabled increased capital to be available for acquisitions\n· Six acquisitions of corporate members during the period with a further two since the year end\n· Profits reduce as levels of reinsurance have increased\n· Operating profit before tax, goodwill and impairment of £609,000 (2014: £1,351,000)\n· Profit for the year £789,000 (2014: £2,056,000)\n· Earnings per share of 8.38p (2014: 24.11p)\n· 2013 underwriting year of account profit return on capacity of 14.20% (2012 underwriting year: 13.01%)\n· Recommended total dividend for this year of 5.0p per share (2014: 5.1p per share)\n· Adjusted net asset value per share (Humphrey & Co valuation...