April 12, 2018 / 6:29 AM / 4 months ago

British travel group Saga's profit rises slightly

April 12 (Reuters) - Saga Plc, an over-50s travel and insurance company, reported a marginal rise in full-year pretax profit after its tour operations were hit by the collapse of Monarch Airlines.

Saga, which offers ocean and river cruises, singles holidays and escorted tours, said underlying pretax profit rose to 190.1 million pounds ($269.5 million) in the year ended January, from 187.4 million pounds a year earlier.

“In a challenging market we have delivered a set of full-year results which is in line with the rebased profit expectations set at the end of 2017,” CEO Lance Batchelor said. ($1 = 0.7053 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier)

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