Tower guides towards another robust year
Listed insurer has delivered a first-half profit and revenue boost as it beds in more robust risk selection and price strategy.
Interim CEO Paul Johnston.
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Shares in listed insurance company Tower rose today after it reported a solid first-half result and said it was on target to beat last year’s annual result.
Today, it reported broad revenue and profit growth in the six months ended March 31. Net profit was $49.7 million, up from $36m last year.
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