Jelf reports growth in insurance business
Broker Jelf has reported almost static half year revenues of £35.2m (2011: £35.0m) but said revenues in the insurance business were up 4% to £23.3m (2011: £22.3m) and new business insurance sales were up by 14%.
Jelf said its EBITDAE increased by 5% to £4.4m (2011: £4.2m) and its EBITDAE margin increased to 12.6% (2011: 12.1%). Net debt was down to £1.1m (2011: £10.0m).
Alex Alway, group chief executive
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