Managing Agency Partners Limited has released updated forecasts for Syndicates 2791’s and Syndicates 6103’s 2012 years of account as at 31 March 2014 as well initial estimates for the two syndicates’ 2013 accounts.

2012 year of account

 

Syndicate

Revised forecast as at 31 March 2014

Previous forecast as at 31 December 2013

Change at mid-point

2791

6% to 11% profit

6% to 11% profit

Unchanged

6103

14% to 24% profit

14% to 24% profit

Unchanged

 

2013 year of account

 

Syndicate

Initial forecast as at 31 March 2014

2791

0% to 10% profit

6103

22.5% to 32.5% profit

 

MAP warns that the 2013 Year of Account is at an early stage of development and there remain a number of material uncertainties that may affect the ultimate result.

These forecasts have applied an exchange rate of US$1.67:£1.

Although the syndicates distribute profits in the original currency, fluctuations in the exchange rate will influence the reported results.