UK insurer Saga sees little Brexit impact as profit increases

Company reports better-than-expected 8.5 per cent rise in first-half pretax profit

Saga said it would pay an interim dividend of 2.7 pence per share, up from 2.2 pence a year earlier.

Saga said it would pay an interim dividend of 2.7 pence per share, up from 2.2 pence a year earlier.

 

British over-50s travel and insurance company Saga said a poll of its customers showed 99 per cent of them would not reconsider their future holiday plans because of Britain’s vote to leave the European Union.

The company, which listed on the London Stock Exchange in May 2014, also said it had seen no “discernible impact” to date of the referendum.

Saga reported a better-than-expected 8.5 per cent rise in first-half pretax profit from continuing operations to £109.9 million (€128 million), as it clamped down on costs.

The company said it would pay an interim dividend of 2.7 pence per share, up from 2.2 pence a year earlier.