Source - SMW
Charles Taylor reports good first half results with revenue and profit before tax were up against strong comparatives.

Grew revenue rose by 7% to £74.0m (2015: £69.2m) while statutory profit before tax increased to £5.3m (2015: £5.2m) and adjusted profit before tax rose to £6.0m (2015: £5.8m).

Other highlights:

-  Completed the sale or business transfer of the group's non-life insurance companies

-     Negotiated a major acquisition which completed just after the period-end, largely deploying the remainder of the Rights Issue proceeds

-    Increased interim dividend to 3.15p (2015: 3.00p)

Group chief executive David Marock said: "Charles Taylor delivered a good set of results in the first half of 2016.  Revenue and profit before tax were up on the strong figures reported in H1 2015.  

"We also made excellent progress in delivering our strategic initiatives, including completing the sale or transfer of the Group's non-life insurance companies, agreeing a major software licencing and master services agreement with Fadata and negotiating a significant, value-enhancing acquisition of CEGA."


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