Hyperion has announced a 50% growth in profits in its results for the six months to 31 March 2006.
The group's revenue for the first six months of its financial year was £15.8m – an 18% increase on 2005.
Profit before tax rose to £3m from £2m in 2005.
Hyperion's chief executive, David Howden, said: “I am particularly pleased with these results given that the market background, particularly in London, continues to be challenging.
"Despite these challenges, our Group has continued to achieve substantial profit growth and I firmly believe this is due to the strength we derive from operating two distinct business platforms and maintaining our focus on business critical insurances.
“The outlook for the second half is extremely positive and there are a number of exciting proposals in the pipeline.
"Following the strengthening of our capital base through an equity placing that raised £5.1m in February this year, we are aggressively pursuing several business opportunities both in the UK and overseas – including targets in Asia and the United States – some of which I expect to come to fruition in the next quarter.
"Capitalising on these opportunities and with the strong performances that our existing operations are set to deliver, I am confident that we will achieve both our revenue and profitability targets for the year.”
