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SigniaGlobe Financial maintains profits level
Article by May 6, 2021
One of the island’s leading non-bank financial institutions has put in an on-par performance for the 2020 financial year despite the COVID-19 pandemic.
SigniaGlobe Financial Group is an amalgamation of two finance houses, following the 2018 acquisition of Globe Finance by its competitor, Signia Financial for $11.8 million.
Releasing its 2020 audited financial statement for the period ending December 31, SigniaGlobe’s chairman John Williams and chief executive officer Paul Ashby, announced a net profit of $5.62 million.
This was just marginally below the 2019 performance of $5.63 million.
Williams and Ashby described 2020 as a year that introduced “unprecedented social and economic challenges with the global COVID-19 pandemic”.