In the period to the end of June 2010, Sesame Bankhall Group generated operating profits of £2 million. All three of the Group’s operating businesses — Sesame, Bankhall and PMS — contributed profit in the first half of the year.

The first half results include £1 million in one-off integration costs following the formation of the Sesame Bankhall Group last October.

In the 12 months to 31 December 2009 Sesame Bankhall Group posted profits of £3 million.

Stephen Young, Chief Operating Officer for Sesame Bankhall Group, said:

The results are particularly pleasing given the challenging market conditions that we are all working in at the moment. This comes at a time when many of our competitors are unfortunately struggling and posting losses.

We continue to be very grateful for the continued support of our members, and that has meant that we have been able to successfully navigate through this difficult period.