Brightside’s H1 pre-tax profit up 80%
Broking group Brightside has reported half-year revenue up 50% to £39.8m (2010: £26.6m) and pre-tax profit up 80% to £7.2m (2010: £4.0m) on the back of its buyout of Ecar and Ebike.
It said total policy sales nearly doubled with 98% growth to 240,665 (2010: 121,735). Excluding the policies from Ecar and Ebike there was a slight fall. It said: "The main driver for growth in policy sales has been the contribution made by Ecar and Ebike following their acquisition in June 2010, with the sales generated during the period reflecting the strength of the policy books
acquired."
Brightside said that Quota Marketing increased number of leads generated by 50% to 138,581 (2010: 92,430)
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