Fairpoint Group plc (FRP.L), in its trading update, said the board currently expects adjusted profit before tax for the year ending December 31, 2012 to be ahead of market view.
The Group noted that its claims management services for its IVA portfolio, which began in the second half of 2011, have continued to develop positively during the current year, resulting in strong growth in revenues and profits from those activities. The board anticipates claims management activities to continue to contribute positively throughout the remainder of 2012 and into 2013.
Market conditions in the Group's core activities remain subdued.
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