Daily Insurance Industry News
Daily Insurance Industry News
Monday 16th of July 2018
September 28, 2012

Helphire reports preliminary annual results

by Richard Kilner

Story link: Helphire reports preliminary annual results

Helphire has reported its preliminary financial results for the year ended 30 June 2012.

The firm reported a statutory operating loss of £0.7m, and adjusted operating profit of £1.4m, less than half the £3.4m that it achieved in the preceding year.

Helphire also incurred a loss before taxation of £6.3m, with net debt reduced by £22.9m to £110.8m.

Chief Executive Officer Martin Ward said that business quality and operational delivery improvements had enabled the firm to bolster its performance in a challenging market environment.

Ward also welcomed the firm’s return to the black in the second half of the year, and expressed optimism that Helphire was well-placed for the future as the market evolves.


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