CPP Group makes 'good progress' in Q3
By Iain Gilbert
Date: Friday 15 Oct 2021
(Sharecast News) - Personal protection and insurance products provider CPPGroup said on Friday that it made "good progress" in the third quarter of its current trading year.
CPP said its Indian business had "recovered strongly" during the quarter, following the country's national lockdown in April and May, something the firm expects to provide momentum for a "good trading performance" in the year's fourth and final quarter.
The AIM-listed group stated the renewal performance in its UK and European back book businesses had remained "robust" and continued to provide it with reliable, albeit reducing, cash flows.
"The group's performance in Q3 and positive outlook gives the board confidence that the company is trading in line with market expectations for the full-year," said CPP.
As of 0940 BST, CPP shares were up 3.29% at 440.0p.
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