Hansard reports half-yearly fall in profits yet revenues rise

Hansard Global, the specialist long-term savings provider, has published its results for the six months ended 31 December 2019. The results reveal new business levels for the group were £80.1m for 1H2020 (on a present value of new business premiums basis), up 8% from 1H2019. The results, filed according to International Financial Reporting Standards (IFRS), show profits were £2.6m for the period, a fall from £3m in 1H2019.  The company said profits were impacted by a £900,000 decline in investment income as a result of foreign exchange movements and lower deposit interest rates. Un...