Source - SMW
Saga Plc has lifted its H1 pretax profit from continuing operations to £109.9m, from £101.3m. Interim dividend was 2.7p a share, from 2.2p.

CEO Lance Batchelor said:

"I am pleased that the business has made significant progress with our key strategic initiatives whilst delivering another robust financial performance.

"The strength of our core businesses and our operating model has again led to strong cash generation, enabling us to further reduce our debt ratio and giving us the confidence to increase our interim dividend by 23% to 2.7p.

"Saga already has significant brand awareness and customer loyalty but we have been working hard to enhance our understanding of the relationship with our customers. 

"This has produced some fascinating insights and opportunities and we are underway with the work that will enable us to capitalise on our findings.

"We have seen no discernible impact to date from Britain's decision to leave the European Union; this has been especially notable in our Travel business, where we polled customers recently and 99% said that Brexit would not make them reconsider their future holiday plans.

"The robust operational performance in the first half means that we are on track to meet our targets for the full year."

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