Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Randall & Quilter Posts Pre-tax Loss In 2011 - Quick Facts

Randall & Quilter Investment Holdings plc (RQIH.L) posted 2011 pre-tax loss of 4.66 million pounds versus pre-tax profit of 7.52 million pounds last year.

Loss per share was 0.9 pence versus earnings per share of 12.0 pence in the previous year.

Adjusted profit before tax was 8.8 million pounds, higher than 7.5 million pounds last year.

Total income rose 12 percent to 36.79 million pounds from 32.82 million pounds a year ago, as the full year benefit of acquisitions made during the course of 2010 and organic growth in the operating companies outweighed lower investment income.

Commenting on the results, Ken Randall, Chairman and Chief Executive Officer of the Group said,

"It is pleasing to report a rise in Group profit (prior to goodwill impairment) during the year compared to 2010. Our expectation of a much stronger second half of the year was realised, especially in the Insurance Services Division which benefited from the anticipated increase in profit commission on syndicate 3330 and a second half revenue bias in certain of our operating subsidiaries..."

Click here to receive FREE breaking news email alerts for Randall & Quilter Investment Holdings plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks are turning in a lackluster performance in early trading on Wednesday after moving sharply higher over the past few sessions. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves. Consumer prices in the U.S. unexpectedly showed a modest increase in the month of September, according to a report released by the Labor Department on Wednesday, with higher prices for food and shelter offsetting a continued decline in energy prices. The European Parliament has given its strong support to the new European Commission with 423 votes in favor, 209 against and 67 abstentions. The approval was crucial for the Juncker Commission to start a five-year term on 1 November. Today's vote marks the last step in the process leading up to the new European Commission. The European Cabinet has a representative each from all 28 EU member states
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.