Charles Taylor narrows losses as revenue bolstered by efforts to expand claims services business
StockMarketWire.com - Charles Taylor reported narrower losses as its efforts to expand its claims services business boosted revenue.
For the six months to 30 June 2019, pre-tax losses narrowed 16% to £2.1m from £2.5m a year earlier as revenue increased 15% to £141.7m.
'Our focus on expanding our Claims Services and InsureTech businesses was achieved through new clients wins and solid organic growth with Claims Services delivering an improved margin, and InsureTech delivering a close to break-even operating result,' the company said.
The company anticipated that full-year performance would meet market expectations.
At 9:03am: (LON:CTR) Charles Taylor PLC share price was 0p at 230p
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