Profits slide at Hambro Insurance

Profits slide at Hambro Insurance

Hambro Insurance reported a drop in pre-tax profits from pounds 11.09m to pounds 10.9m for the year to 31 March and held the dividend at 5.55p. Earnings per share fell from 10p to 9.4p. Christopher Sporborg, chairman, said dividend cover of two times "remains our medium-term aim", but "if further underlying progress is achieved as expected during the next 12 months, we would intend this to be reflected in an increased dividend to shareholders".