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Earnings Analysis: 
Admiral Net 22.5% Higher
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:27 AM EDT September 05 2006



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Admiral Group, motor insurance firm, reported that its first-half net profit advanced to 48.1 million pounds ($91.7 million) after net revenue jumped 23.8% to 151.8 million pounds. Admiral stated that the growth was driven by increased underwriting activity, with total motor insurance premiums up 10% to 294 million pounds.

 
Admiral Group, (ADM: chart), stated that the growth was driven by increased underwriting activity, with total motor insurance premiums up 10% to 294 million pounds, as well as a stronger contribution from its Confused.com Web site, where the number of quotes provided more than doubled to 3.8 million. Admiral also raised its interim dividend by 25% to 12.1 pence a share.

Procter & Gamble Co, (PG: chart), consumer products company, reported its Q1 earnings and sales outlooks. The company continues to see earnings at 76 cents to 78 cents a share on sales growth of 23% to 27%. Analysts forecast earnings of 78 cents a share.

Republic Airways Holdings, (RJET: chart), air carrier, reported that August load factor advanced to 73.5% from 66.9% a year earlier, as the pace of traffic growth increased more than capacity. Traffic for August rose 64% to 624.8 million revenue passenger miles from last year''s 381.5 million. Capacity grew 49% to 850.5 million available seat miles from last year's 570.4 million.

Walgreen Co, (WAG: chart), operator of retail drugstores reported August same-store sales rose 10.6%. Analysts expected it to post a same-store sales gain of 9.2%. Total sales for the month rose 17.2% to $4.18 billion.
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