Standard Life profits hit €334m

FINANCIAL services giant Standard Life has reported an after-tax profit of £305 million (€334m) for 2009, representing a healthy swing back into the black after it generated after-tax losses of £134m in the previous year.

The chief executive of the Edinburgh-headquartered group – David Nish – said 2009 was a successful year for the business and one “in which we delivered against our strategic objectives and built a strong platform for future growth”.

He added that the group has started 2010 “in a good position”.