Insurance Post

Saga reports 5.5% rise in first-half underlying profit

travel-2016-06

Over-50s travel and insurance company Saga reported a 5.5% rise in first-half pre-tax profit, driven by strong demand for holidays among older Britons.

Underlying pre-tax profit for the group rose to £110.2m in the six months to July 31 from £104.5m a year earlier.

Profit before tax fell 6.3%, to £103m, due to refinancing costs and net fair value

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