Saga plc (GB:SAGA) has released an update.
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Saga plc reports strong financial results for the first half of 2024, with a significant increase in underlying profit before tax driven by exceptional growth in its Cruise and Travel businesses, despite challenging conditions in Insurance Broking. The company has also successfully reduced net debt and is exploring a strategic partnership with Ageas to create a capital-light growth opportunity. Despite a challenging market, Saga’s ongoing strategic initiatives aim to enhance customer engagement and deliver long-term sustainable value for stakeholders.
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