logo
Plus   Neg
Share
Email

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..."

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shortly after announcing a racial bias training for the staff, Starbucks revealed its changed policy of allowing anyone to use its spaces, rest rooms, cafes and patios even without buying anything from the stores. The new policy will be consistent all across U.S. stores. Tesla Inc.'s CEO Elon Musk has revealed new specifications and options for its Model 3 electric car, including a high-end version of the sedan that will cost around $78,000. In a series of posts on Twitter Saturday night, Musk said that the Model 3 will be available in two versions, with dual motors and all-wheel drive in July. Musk also made an announcement regarding a new service program. Billionaire entrepreneur Elon Musk on Thursday showed off his concept for the Loop, a high-speed underground public transportation system that will carry up to 16 people and travel at 150 miles per hour. At the Boring Company Information Session, Musk and project leader Steve Davis provided details of the underground mass transit tunnels that the Boring Co. plans to build beneath Los Angeles.
Follow RTT