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Syndicate 780 result 20/02/2007
Advent has announced that syndicate 780 has made a profit of 33.7% of stamp for the 2006 year of account. This result is in excess of the previously forecast range, which was a profit of between 20% and 25%, and results from the movement of the US dollar and positive development of the prior years.
The forecast for 2007 has also been improved, from a forecast profit of between 10% and 15% to one of between 13.5% and 18.5%.
Please click on the link below to read the full Advent press release that was made today. This is written about the 2008 annual account, which is making a loss, but covers the 2006 and 2007 years, as well giving a useful market commentary.