The Innovation Group (TIG) lost £3.8m before tax in the three months to the end of December, it announced.
The result was an improvement compared to the £8m loss before tax it made in the same peri ...
The Innovation Group (TIG) lost £3.8m before tax in the three months to the end of December, it announced.
The result was an improvement compared to the £8m loss before tax it made in the same period the year before.
Turnover at the IT and outsourcing operation fell to £15.8m from £27.5m in the same period the year before.
The greatest component in TIG's turnover was recurring fees, which fell to £12m in the quarter from £13.2m in the same quarter in 2001.
Over the same period initial licence fees fell sharply to £709,000 from £6.3m. The company is planning a rights issue to raise £9.2m.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
