Cruise and insurance company Saga revealed on Wednesday that it expects to beat market expectations this year with its profit rebounding from a poor showing in the first six months.
Saga said that “we expect to achieve significant double-digit growth in revenue and underlying profit before tax when compared with the prior year, ahead of current estimates.”Reported pre-tax loss narrowed from £262 million to £77.8 million, the business said. “I am pleased to announce a 15% increase in revenue for the first half of the year, due to the continued growth of our Cruise and Travel businesses, in addition to further debt reduction,” said chief executive Euan Sutherland.
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