25 Jun 2019
Cenkos: 1pm Plc - Laying the foundations for stronger growth
1pm's pre-close confirms a positive FY19E outcome in-line with forecasts, with revenues of £31.8m (+6% YoY) and adj PBT of £8.2m (+4%). In line with the Group's new strategic plan to grow the loan book to £350m (currently £134m), investment in sales and supporting infrastructure will be made during FY20E to accelerate growth in FY21E and beyond. We therefore now expect profit growth to be restricted in FY20E, reflecting this investment, before organic growth accelerates, such that we expect reve ....
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Cenkos: 1pm Plc - Laying the foundations for stronger growth
Time Finance plc (TIME:LON) | 41.0 0 0.0% | Mkt Cap: 37.9m
- Published:
25 Jun 2019 -
Author:
Cavendish Research -
Pages:
9
1pm's pre-close confirms a positive FY19E outcome in-line with forecasts, with revenues of £31.8m (+6% YoY) and adj PBT of £8.2m (+4%). In line with the Group's new strategic plan to grow the loan book to £350m (currently £134m), investment in sales and supporting infrastructure will be made during FY20E to accelerate growth in FY21E and beyond. We therefore now expect profit growth to be restricted in FY20E, reflecting this investment, before organic growth accelerates, such that we expect reve ....