5 September, 2016
The Board of Randall & Quilter (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, announces the Group’s interim results for the 6 months ended 30 June 2016.
Highlights:
Ken Randall Chairman and Chief Executive Officer commented: “I am pleased to report that the Group delivered a significantly stronger performance during the first half of the year compared with 2015, especially when factoring in the additional c.£5m boost from FX gains, not taken through the Group’s pre-tax profit.
“The Group’s result is always heavily second half weighted and this year is no exception. Trading is expected to be strong during the remainder of the year, driven by an excellent pipeline of legacy acquisition and reinsurance deals.
“Full year profits are expected to be in line with market expectations and the outlook looks very promising, especially in the core legacy acquisition business, in Accredited through its development as a niche programme conduit and in UK services.”
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