Personal Group share price up as preliminary results for year ended December 2015 show improved revenues and profits

 
Hayley Kirton
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The chief executive is looking forward to the year ahead (Source: Getty)

Share price in Personal Group rose this morning after the company revealed that both its profits and revenues had grown in its results for the year ended December 2015.

The company, which provides a range of employee benefit, insurance and financial services, announced that its profits before tax had grown to £10.4m, up 14 per cent compared with £9.2m the year before.

Meanwhile, revenue had increased to £59.6m, up 27 per cent compared with £47m in 2014.

Shares in the company were trading up 0.9 per cent at 565p shortly after the London market opened.

"2015 has been another strong year of progression for the group," said Mark Scanlon, chief executive of Personal Group. "Our core business continued to perform well, with the addition of the new software platform Hapi giving us access to completely new markets for Personal Group."

Personal Group also increased its dividend for the year to 20.9 pence per share, up seven per cent from 19.6 pence per share the year before.

Scanlon continued: "Technology remains a key focus for the group and we will continue to invest in our proprietary Hapi platform during 2016. Overall, I look forward to 2016 with confidence as the development of Personal Group continues."