LONDON (Reuters) - Motor insurer Admiral is on course to meet analysts' profit forecasts for the full year, helped by a 22 percent rise in turnover during the third quarter, the company said on Friday.
Admiral, which insures about six percent of the cars on British roads, said its turnover rose to 294 million pounds in the three months to September 30, while customer numbers rose 17 percent to 2 million.
Admiral shares closed at 1,093 pence on Thursday, valuing the company at about 2.9 billion pounds. The stock has risen 21 percent since the beginning of the year.
(Reporting by Myles Neligan; editing by Julie Crust)
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View