21 Sep 2021
Cenkos: Time Finance plc -- Getting back to growing the book
Today's results echo the messaging of June's detailed trading update, confirming a resilient FY21A result over a COVID-19 affected year. Whilst current market conditions remain challenging (given the large degree of government support provided to SMEs over the pandemic), we expect net origination growth to return over FY22E, as the economy rebounds, driving future revenues. While profit growth will be tempered by investment in FY22E, we expect a strong earnings delivery of +63% in FY23E, as retu ....
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Cenkos: Time Finance plc -- Getting back to growing the book
Time Finance plc (TIME:LON) | 41.0 0 0.0% | Mkt Cap: 37.9m
- Published:
21 Sep 2021 -
Author:
Cavendish Research -
Pages:
7
Today's results echo the messaging of June's detailed trading update, confirming a resilient FY21A result over a COVID-19 affected year. Whilst current market conditions remain challenging (given the large degree of government support provided to SMEs over the pandemic), we expect net origination growth to return over FY22E, as the economy rebounds, driving future revenues. While profit growth will be tempered by investment in FY22E, we expect a strong earnings delivery of +63% in FY23E, as retu ....