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SAGA Saga News Story

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UK's Saga annual profit jumps 19% on strong demand for travel and insurance businesses

April 15 (Reuters) - British over-50s holiday and insurance group Saga SAGA.L reported a 19% rise in annual profit on Wednesday, driven by booming demand for its travel business and the restructuring of the firm's insurance operations.

The company's underlying profit before tax came in at 44.2 million pounds ($59.96 million)  for the year ended 31 January, up from 37.2 million pounds in the previous year despite expected higher finance costs.

($1 = 0.7372 pounds)

(Reporting by Rishab Shaju and Dhanush Vignesh Babu in Bengaluru; Editing by Rashmi Aich)

((Rishab.shaju@thomsonreuters.com ; +91 9048142177))

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