Insurance claims services provider Resources In Insurance Group says cost savings and increased volumes have helped it reduce its loss in the six months to June 2009.
RIIG says the loss should be half the £636,000 reported in the first half of 2008. The sale of the loss adjusting business has also helped to reduce the loss. It lost £152,000 in the whole of 2008.
At 0.53p a share, RIIG is valued at £720,000.
RIIG will continue to benefit from the cost savings in the second half of 2009.
The interim figures will be published in September.
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