Hansard reports half-yearly fall in profits yet revenues rise

Pedro Gonçalves
clock • 2 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login