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
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
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.