Friday, August 10, 2007

Aviva Life Reports 29-Pc Rise iI H1 Biz

Aviva Life, a joint venture company with the Dabur Group, reported a 29% rise in its business in the half year ended June 30, 2007. The total sales increased to £221 million in the first six months of 2007 as against £173 million in the comparable period in 2006. The company has not disclosed the operating profits in the region.

However, the global operating profit of the UK-based major decreased by 8 per cent to £1,541 million in the first six months of the current year as against £1,699 million in the comparable period previous year. This was due to 34-per cent decrease in general and health insurance profits in the UK market on account of bad weather.

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