Jelf Group has said it is confident of making progress in the full year after it reported strong results for the half year to March 31 2006.
The group, a corporate intermediary specialising in healthcare, commercial insurance, employee benefits and wealth management, turned in a pretax profit of £490,000, up from £305,000 on turnover up 53% to £7.5m from £4.9m.
Group chief executive Alex Alway said the full year will include the beneficial effects of recent acquisitions, especially that of the Goss Group, which was acquired at the end of this financial period. He added that integration is proceeding smoothly.
Alway said the trends toward consolidation of market positions and intermediaries along with the increased need for awareness of the regulatory environment will continue to generate acquisition opportunities.
