Cooper Gay earnings soars by 32%
Cooper Gay (Holdings) Limited has revealed that its EBITDA earnings have soared by 32% for the year ending 31 December 2007.
Disregarding exceptional items, EBITDA hit £15.8m, up 32% from the previous year’s £12m.
The group revenue also increased, though by a more marginal 3%, to reach £68.1m in 2007 compared to £66.3m in 2006.
However, the change of accounting year in 2006 does make simple and direct comparisons less easy.
Despite that, the increase in revenues and earnings in the face of difficult financial conditions mark a positive performance.
Cooper Gay has also acquired a business portfolio (in addition to a transfer of employees) from CRS Group (London) plc.
The group’s chief executive officer, Toby Esser, has described it as an excellent year for the firm.
Esser went on to say that the EBITDA growth was particularly pleasing, adding that it was the true indicator of the firm’s performance.
Category: Insurance News
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