Towergate Q1 losses increase to £27m
Towergate has seen made an expanded pre-tax loss of £26.6m for the first three months of the year, up 41% from last year’s equivalent figure of £18.9m.
Earnings before interest, taxation, depreciation and amortisation were also down, tumbling from £32.9m in 2013 to £24.2m, taking the firm's Ebitda margin from 31% to 24%.
The broker's Paymentshield
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