Quindell reports 900% revenue growth
Quindell Portfolio has reported revenues of £137.6m for 2012, over ten times the £13.7m revenue reported for 2011.
Quindell's profit before tax experienced similar growth, leaping from £4.1m in 2011 to £41.2m last year.
The brand extension company, which purchased Ai Claims in the first half of 2012, also reported a 680% increase in Ebitda, which grew from £6.7m in 2011 to £52.2m.
Rob Terry, chairman and group chief executive of Quindell, said the business was delivering on its “high level strategy to focus on earning enhancing acquisitions” in its core markets of insurance and telecoms.
He commented: “This
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