Alec Finch Group reported a pre-tax profit of £294,783 for the year ended 31 March 2003.
This compared to a pre-tax profit of £101,746 for the year ended 31 March 2002. Turnover increased to £4.4m, compared to £3.7m the year before.
Operating profit increased to £372,212 for the year ended 31 March 2003, compared to £68,165 the year before.
The group made a loss totalling £120,695 in relation to the disposal of its professional indemnity business in 2001.
Group subsidiary Alec Finch Employee Benefits Limited reported a loss of £22,054 for the year ended 31 March 2003, against a profit of £9,849 the year before.