Rapidinsure.co.uk, the online insurance broker owned by financial services group Berkeley Morgan, reduced its losses in 2003
The division recorded income of £952,395 for the six months to 31 Octob ...
Rapidinsure.co.uk, the online insurance broker owned by financial services group Berkeley Morgan, reduced its losses in 2003.
The division recorded income of £952,395 for the six months to 31 October 2003 for a loss of £34,042, compared to a loss of £158,586 for the same period in 2002.
Group chairman and managing director Jon Pardoe said: "We remain confident that the company will move into profit within the next few months."
Overall group revenues increased by more than 7% to £8.2m for the period, and the group recorded a pre-tax profit of £672,176, compared to a loss of £1m for the same time last year.
Berkeley Morgan's other businesses include financial advising and health insurance broking.
