(Alliance News) - NAHL Group PLC on Thursday named the first half of 2019 as "exciting" period despite challenges in the Personal Injury unit.
The National Accident Helpline parent company said it has performed in line with underlying earnings expectations, with revenue and underlying operating profit both showing growth against the same period last year.
Underlying earnings is based on profit attributable to shareholders of NAHL, it explained, while underlying operating profit is based on profit before deduction of exceptional items, share-based payment charges and amortisation of intangible assets.
In the first half of 2018, NAHL generated revenue of GBP24.9 million and underlying operating profit of GBP6.4 million .
Within NAHL's Personal Injury division, national accident helpline continues to operate in challenging market conditions, the company said, driven by competitive pressures. The firm expects these to persist until the implementation date of the legal reforms, currently planned for April 2020.
NAHL said it continues to adapt the division's marketing and placement tactics to respond and optimise the results.
The company's Critical Care division has performed in line with expectations and delivered double digit profit growth in the first half of 2019, NAHL said.
"The first half of 2019 has been an exciting period with the successful launch of the Group's wholly owned law firm, National Accident Law, which has demonstrated encouraging progress," said Chief Executive Russell Atkinson.
He added: "The board is pleased with the group's performance during the first half and remains excited about the opportunity that National Accident Law represents for the Personal Injury division."
NAHL will announce its results for the first half of 2019 on September 17.
The stock was trading 1.2% higher on Thursday in London at 122.16 pence a share.
Nahl Group (NAH)