Prime Professions' profits rise by 400%
Prime Professions has announced its financial results for the year ended 31 March 2010.
The professional indemnity broker's operating profit was up fourfold to £648,066 (2009:£129,453) while profit after tax grew sixfold to £1,029,080 (2009: £157,868). Turnover also rose by 8% to £8,744,779 (2009: £8,093,366).
In addition to this Prime Professions has confirmed the permanent appointment of Tim Smyth as chief executive officer. Mr Smyth had been acting CEO since March of this year, when he took over from outgoing CEO Tony Blyfield. The ultimate majority shareholder in Prime
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