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Hansard Global boasts new business growth in first half

Growth is driven by new business wins in Latin America and the Middle East

Hansard Global - Hansard Global boasts new business growth in first half
Assets under administration totalled £1.09mln at the end of December

Hansard Global Plc (LON:HSD) shares were on the front foot on Friday after the specialist savings firm highlighted success with new business gains, particularly in Latin America and the Middle East. 

The firm's new business results for the six months ended 31 December 2019, amounted to £80.1mln, up 8.1% on the comparative period a year before.

In the second quarter, the group brought in £44.3mln representing a 6.7% increase year-on-year and up 23.7% on the preceding three-month period. Latin America was described as the fastest area of growth.

"There is a growing momentum in the business with particularly good performances in Latin America and the Middle East,” said Gordon Marr, Hansard chief executive.

“Our focus on key distribution relationships, technology and customer service has assisted our growth in sales and we are pleased to have built further upon our strong start to the financial year."

Assets under administration totalled £1.09mln at the end of December, which was unchanged from the prior quarter.

In morning trade, the shares were 4.8% higher at 44.00p.

Quick facts: Hansard Global

Price: 45 GBX

LSE:HSD
Market: LSE
Market Cap: £61.9 m
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