PCF Group (PCF) has delivered a strong set of interim results. Operating income increased 32% to £6.7m (2017: £5.1m) and PBT increased 20% to £2.1m (£1.7m) on a portfolio of receivables that grew 40% to £179m (£128m). Since launching its bank in July 2017, retail deposits had reached £108m at end March 2018. As expected, ROE fell to 8.7% (2017: 10.5%) reflecting the larger capital base and investment in the business. Our forecasts remain unchanged but
23 May 2018
Strong H1 2018 helps underpin targets
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong H1 2018 helps underpin targets
PCF Group plc (RLW:FRA) | 0 0 0.0% | Mkt Cap: 55.1m
- Published:
23 May 2018 -
Author:
Robert Sanders -
Pages:
8
PCF Group (PCF) has delivered a strong set of interim results. Operating income increased 32% to £6.7m (2017: £5.1m) and PBT increased 20% to £2.1m (£1.7m) on a portfolio of receivables that grew 40% to £179m (£128m). Since launching its bank in July 2017, retail deposits had reached £108m at end March 2018. As expected, ROE fell to 8.7% (2017: 10.5%) reflecting the larger capital base and investment in the business. Our forecasts remain unchanged but