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Daily Insurance Industry News
Sunday 21st of January 2018
October 30, 2008

Fiscal H1 loss for Leo

by David Masters

Story link: Fiscal H1 loss for Leo

Leo Insurance Services has posted its results for the six months ending 31st July 2008, with a loss of £15,078, or 0.21 pence per share.

This is compared to a profit of $18,180 in the same period last year.

Operating loss for the six months was £45,000, an increase on the operating loss of £41,000 in the first half of the fiscal year in 2007.

The company’s single investment is a 50% stake in brokerage firm Grafton Insurance Services, a specialist in property insurance.

A statement from Leo said the company has experienced low levels of organic growth, whilst its main asset is its long term contract with Safeland.

The board plans to seek further growth organically and through acquisitions.

 

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