Tawa reports H1 loss of $6.5mn
Up-for-sale run-off acquirer and (re)insurance services provider Tawa reminded potential suitors that it remains a work-in-progress after reporting a first-half loss of $6.5mn.
The result was primarily due to the costs of its acquisitions and investments in new businesses.
The H1 result compared to a loss of $9.8mn in the same period of 2011 once an exceptional $20mn front-loaded profit coming from the set-up of run-off insurer QX Re is removed.
London-listed Tawa's net tangible assets also decreased for the...
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