"We will continue to pursue our strategy to grow our specialist classes profitably
and efficiently, with the financial and global strength of Tokio Marine.
Hisham Alrayes, CEO of GFH, said: "The year 2018 was another year of significant progress for GFH and we are proud of our performance and demonstrated ability to deliver sustained profitably
and growth year after year."
'We will continue to insist that public investment is managed professionally and profitably
,' he added.
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Executive chairman Charles Bailey said: "In my interim statement last year, I said that one of the board's principal aims was to move the group to trading profitably
, and I am very pleased that we have achieved this."
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Prudential say the product, which enables retired people to unlock money tied up in their home without having to move, is too capital-intensive, and they want to deploy funds more profitably
Blacks described the 89 shops due to close as a "considerable drag" on the outdoor division, which has traded profitably
over the last two years.
It added: "The vast majority of the stores to be closed have not traded profitably
for many years."
The decision to open the office reflects the significant opportunity that exists to profitably
grow both Cognis' existing and new business in New Zealand.