Admiral Reports 27% Surge In First-Half Pretax Profit

Admiral Group PLC AMIGY reported a 27% rise in its first-half pretax profit, as its turnover jumped 53%. Admiral's pretax profit for the period surged to GBP160.6 million, while turnover climbed to GBP1.1 billion from GBP720.5 million, in the year-ago period. Admiral also announced a 20% surge in the interim dividend to 39.1 pence a share. Admiral shares gained 0.82% to close at $25.79 yesterday.