Canadian Underwriter

Anthony Clark posts increased revenue

November 29, 2001   by Canadian Underwriter

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Calgary-based Anthony Clark International Insurance Brokers (TSE:ACL) is posting increased revenue for the six months ending September 30, up 14% over the same period last year. Revenues grew to $2,183,277 from $1,913,449.
The broker consolidator is also reporting earnings before tax (EBITDA) of $192,142, and net earnings of $54,731, for the six-month period. Working capital stands at $4,164,935.
The company also says it plans to continue its growth strategy through acquisition. “The company is stepping up its efforts to find and acquire other general insurance brokerages using its available working capital resources and through ongoing additional financing exploration,” states a company press release.

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