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Evening Standard
Evening Standard
Holly Williams

Saga returns to profit and set for further growth as travel business booms

Over 50s travel and insurance group Saga has revealed a returned to profit and forecast a further ‘step forward’ in earnings over the year ahead as it shrugged off wider Iran war disruption in the sector (Alamy/PA) -

Over-50s travel and insurance group Saga has revealed a returned to profit and forecast a further “step forward” in earnings over the year ahead, as it shrugged off Iran war disruption in the sector.

The group saw shares leap more than 10% higher on Wednesday at one stage after it reported pre-tax profits of £2.1 million for the year to January 31, against losses of £160.2 million the previous year.

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