16 Jan 2018
On track to double in size
Today’s interims reflect the first period of consolidation of those acquisitions made in 2017. When combined with continued strong organic growth from the incumbent brands, 1pm has achieved 74%+ growth in revenue and adj PBT, while basic EPS improved 4.9% despite the dilutive effect of June’s placing. As SME’s demand for credit remains strong, economic conditions remain stable and ample funding is in place, we expect 1pm to continue its progression in line with forecasts.
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On track to double in size
Time Finance plc (TIME:LON) | 41.0 0 0.0% | Mkt Cap: 37.9m
- Published:
16 Jan 2018 -
Author:
Cavendish Research -
Pages:
7
Today’s interims reflect the first period of consolidation of those acquisitions made in 2017. When combined with continued strong organic growth from the incumbent brands, 1pm has achieved 74%+ growth in revenue and adj PBT, while basic EPS improved 4.9% despite the dilutive effect of June’s placing. As SME’s demand for credit remains strong, economic conditions remain stable and ample funding is in place, we expect 1pm to continue its progression in line with forecasts.