Capita Insurance disposals boost profits
Profits up 16% partly due to sale of broking businesses.
Capita's half yearly results for the six months ending 30 June 2014 reported a 16% surge in profit before tax to £238.0m (2013: £205.2m).
The increase was partly attributed to the sale of Lancaster Insurance Services, Sureterm Direct, BDML Connect and Delta Underwriting to Markerstudy in September last year for an undisclosed sum.
Capita said in a statement: "The increase in margin in the first half is due to a combination of factors including the improvement in our property and infrastructure
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