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LONDON (Alliance News) - Long-term savings provider Hansard Global PLC on Thursday said new business wins continued at a robust pace in the third quarter.
Hansard said new business wins, in terms of present value of new business premiums, hit GBP30.4 million for the quarter to the end of March, more than doubling year-on-year. For the nine months to the end of March, new business was GBP86.8 million, again more than double the prior year.
Hansard said its product and distribution strategy is continued to pay off, with good growth in its Rest of the World sales in the third quarter.
The company added it traded profitably in the third quarter and generated positive net cash flows before dividends.
"We continue to work hard to implement our strategy and generate increased levels of sustainable new business. We are focussing on replicating the current successes experienced in a number of territories more widely and we continue to invest for the future in targeted locations where we believe new licenses can deliver significant opportunity," said Chief Executive Gordon Marr.
Hansard shares were down 2.2% to 109.56 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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