(Source: Hansard Global plc) We have also delivered significant efficiencies and customer-focused improvements in FY 2016 as part of a two-year programme of process reengineering. TRADING RESULTS IFRS profit after tax for the year was £8.3m (2013: £14.9m). Excluding one-off items, underlying IFRS profit was £9.2m compared with £12.0m in FY 2015. The main driver of this reduction is a reduction in fee and commission income from £56.3m in FY 2015 to £51.3m in FY 2016. The primary contributors to this were reduced income levels as a result of Hansard Europe being closed to new business, reductions in contract-holder activity margins and refinements made to the deferred income reserve (outlined...
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