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Employee services company Personal Group posted a 5.6% rise in first-half profit, though it said new sales had been slower than expected.
Pre-tax profit for the six months through June increased to £4.1m, up from £3.9m on-year.
Revenue rose 42% to £30.0m, including a £6.3m increase in transactional spend and commission on Hapi to £7.4m.
The core insurance business continued to perform well, although new client acquisition had been slower than expected, Personal Group said.
The company declared an interim dividend of 11.65p per share, up 1.3% on-year.
'Personal Group has performed in line with management's expectations during the first half of the year,' chief executive Deborah Frost said.
'Recent market testing of our proposition, following my appointment as Chief Executive, has confirmed that our comprehensive offering strongly resonates with our target customers.'
'This, combined with the company's solid foundation and the evolution of our strategy, assures me of the opportunity for the future growth of the business.'
'The board remains confident in the long-term outlook and, whilst Ebitda is expected to be reduced as a result of the delayed timing of the launch of the next iteration of Sage Employee Benefits, revenue and reported profit before tax remain in line with market forecasts for the full year.'