Hansard Global ( (GB:HSD) ) has shared an update.
Hansard Global plc reported a 36% increase in new business sales for the six months ended 31 December 2024, driven by the launch of new products and a strategic focus on the Japanese market. Despite the sales growth, the company’s IFRS profit before tax fell by 88% to £0.5m, impacted by currency movements, strategic investments, and litigation costs. The company anticipates that while new products are gaining traction, it will take time for these to translate into improved profitability. Hansard Global remains committed to its strategic initiatives, including leveraging its new IT system and expanding its presence in Japan, to drive long-term growth.
More about Hansard Global
Hansard Global plc is a specialist long-term savings provider based in the Isle of Man, listed on the London Stock Exchange since December 2006. The company offers flexible, tax-efficient investment products within a life assurance policy wrapper, targeting affluent international investors. Hansard Global operates through a controlled cost distribution model, utilizing a network of independent financial advisors and certain financial institutions across more than 170 countries, supported by the Hansard OnLine platform.
YTD Price Performance: 2.53%
Average Trading Volume: 28,859
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £69.95M
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