Domestic and General reports operating profits of £13.7m
Domestic and General Group has reported a turnover growth of 2.8% to £112m for the period ending 30 September 2004, with underlying turnover up by 10% after taking into account the reinsurance fund transfer of £7.2m received in the comparative period. Operating profits were up by 41.2% to £13.7m.
According to the group, the underlying increase represents a steady improvement in consumer confidence in warranty products. Activity profits from the warranty business rose by 52.2% reflecting aOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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