Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.
The claims management company saw profit before tax fall to £1.1m from £1.7m and adjusted profit declined to £1.2m (December 2010: £1.7m). Gross margin increased by 3.5% to 21.1% (2010: 17.6%) due to
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