Argo Group Limited announced consolidated financial results for the year ended December 31, 2017. For the year, the company reported revenue of USD 10,260,000 against USD 6,381,000 for the same period a year ago. Operating profit was USD 1,986,000 against loss of USD 564,000 for the same period a year ago. Profit on ordinary activities before taxation was USD 4,735,000 against USD 649,000 for the same period a year ago. Profit for the year after taxation attributable to members of the company was USD 4,541,000 against USD 571,000 for the same period a year ago. Diluted earnings per share were USD 0.09 per share against USD 0.01 per share for the same period a year ago. Net cash outflow from operating activities was USD 933,000 against net cash inflow from operating activities of USD 508,000 for the same period a year ago. Purchase of fixtures, fittings and equipment was USD 197,000 against USD 31,000 for the same period a year ago.

For the year 2018, the company expects there is significant opportunity for growth in assets and profits and remains committed to ensuring the group's investment management capabilities and resources are appropriate to meet its key objective of achieving a consistent positive investment performance in the emerging markets sector.