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Kensington announces results

The Kensington Group has reported a strong performance in the first half of 2004, with new business volumes of more than £1bn and the mortgage portfolio now standing at £3.5bn.

Kensington are increasing the interim dividend in line with a progressive dividend policy that increases returns to shareholders as the business grows.

Chief executive office John Maltby says: “Based on its leading position in a specialist growth market, broad distribution, efficient operating platform and disciplined risk management, Kensington is well placed to prosper for the rest of 2004 and beyond.”

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