On 14 February 2020, Tower Limited (ASX: TWR) updated the market about the Company’s business performance, key points are as follows.
- Mr Richard Harding, Company’s CEO mentions that TWR focus for the year is on shifting all their customers to the Company’s new system, thereby, assessing the customers to avail all the benefits offered.
- Gross Written Premium (GWP) of Tower Limited increased by 8 percent in 4 months to 31 January 2020 pcp. While for TWR New Zealand business, GWP including the Youi NZ portfolio increased by 11 percent.
- Also, there is no change in TWR’s FY20 guidance, such as underlying NPAT ($27 - $30 million).