Ardonagh reports rising income and Ebitda for H1 2021 as losses shrink
Consolidator reports loss for the period of £41.3m, while total income for the group hits £433.2m in the first half of the year.
The Ardonagh Group has reported an increase in income and adjusted Ebitda for the six months ended 30 June 2021.
The consolidator said in a statement that income had risen by 33.4% to £433.2m (H1 2020: £324.8m), while Ebitda increased by 34.3% to £115.2m from £80.9m in H1 2020.
Meanwhile, operating costs also increased to £279.9m, compared to £224.9m in the first half of 2020.
In its investor report, Ardonagh reported a loss for the period of £41.3m, an improvement on the loss of £94.1m
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