Cobra holding company posts rising revenue and profits
Bank debt drops by over £2m following disposals.
Alto Insurance Group, the holding company for the Cobra, has reported revenue of £14.94m and profit after tax of £728,451 for the year ended 31 March 2016.
The group, which includes Cobra Network, Cobra Underwriting Agency, Cobra London Markets and Cobra Insurance Brokers made three acquisitions in the period - BKG West, Philip Paul Associates, and Robert Edward Southern - and sold its financial services arm.
Accordingly, like-for-like comparisons of totals are of limited value.
Continuing
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