Source - SMW
Personal Group has reported its results for the six months ended 30 June 2016. Highlights are:

- Revenue increased by 10.2% to £21.0m (2015: £19.0m)

- New insurance business generation increased 12.5% to £6.3m (2015: £5.6m)

- Major contract wins secured including Samworth Brothers, Pendragon, Euro Car Parts and multiple health care sector companies

- Investment has commenced in developing the Sage employee benefits product

- EBITDA decreased by 29.9% to £3.2m (2015: £4.5m)

- Profit before tax decreased by 33.5% to £1.9m (2015: £2.9m)

- Basic EPS decreased by 38.1% to 4.8p (2015: 7.8p)

- Dividends per share paid in the period up 5.3% to 11.0 pence per share (2015: 10.45 pence)

- Group balance sheet remains strong with total equity (shareholders' funds) of £30.3m (31 December 2015: £31.9m) and no debt

- Decision made post period end not to progress with MVNO PG Mobile, full closure by December 2016.

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Personal Group Holdings (PGH)

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