THB Group doubles pre-tax profits to £1.9m
THB Group has announced an increase in broking profits to £4.8m along with a group pre-tax profit of £1.9m for the six months ended 30 April 2011.
For its UK segment the broker returned to an operating profit recording a surplus of £271,00 compared to a loss of £165,000 in the same six months of 2010. The increase came despite fee and commission income remaining unchanged at £3.8m.
The Lloyd's broker segment also saw an increase in operating profit to £1,747,000 from £1,546,000 in the comparable period of the previous year despite fees and commissions slipping slightly to £18.8m (H1 2010: £19m).
Across the group fees and commissions were
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