Hansard Global GBP166.3M FY New Business, Marginally Up On Year

LONDON (Dow Jones)--Hansard Global PLC (HSD.LN), a specialist long-term savings provider, said Thursday that for the year ended June 30, new business was GBP166.3 million, marginally above the level of last year, as anticipated (2009: GBP166.2 million), based on the Present Value of New Business Premiums (PVNBP); MAIN FACTS: -Regular premium new business of GBP20.1 million PVNBP for the three months ended June 30 is 20% above the quarter ended March 31 and 46.7% above the corresponding period in the prior year; -New business margins rose to 6.9% on the PVNBP basis for the year ended June 30 (2009:6.1%); -Assets under Administration at June 30 of GBP1.1 billion increased 13.2% since June 30, 2009. -Full year profit is expected to be around GBP16.4 million, with final dividend in line with market expectations; -The financial position of the Group remains very strong, with no debt. -Continued investment in systems and processes, including distribution infrastructure and Hansard OnLine to implement new business initiatives and improve operational effectiveness. -Confident that the outlook for sustained growth in new business and profitability remains positive. -Shares closed Wednesday at 172.0 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 29, 2010 02:31 ET (06:31 GMT)