Hansard Global proposes an interim of 1.8pence per share

DividendMax Ltd.

Hansard Global proposes an interim of 1.8pence per share

Taking into account the current financial position and future outlook, the Hansard Gobal Board has resolved to maintain its interim dividend at 1.8p per share (H1 2020: 1.8p per share). This will be paid on 20 April 2021 with an ex-dividend date of 11 March 2021.

Other financial highlights include:

Hansard's business remains resilient in light of the continuing challenges of Covid-19;

New business levels for the Group were £76.3m for H1 2021 on a Present Value of New Business Premiums ("PVNBP") basis, down 4.7% from H1 2020; 

IFRS profit before tax was £2.9m for the period, up from £2.6m in H1 2020, primarily due to lower new business acquisition costs;

Revenue increased with £25.6m of fees and commissions earned in H1 2021 compared to £25.5m in H1 2020;

Value of in-force remained stable in the period at £149.9m, up from £147.9m at 30 June 2020;

Assets under administration increased to £1.17 billion, up 8.0% since 30 June 2020;

Continued investment in future growth; launch of first distribution agreement in Japan on track for Spring 2021;

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