S&U reports that growth in lending at Advantage and Aspen has been somewhat constrained by the supply of used vehicles and houses for sale, but collections have been strong. At Advantage the level of impairment has been lower than expected, more than offsetting lower loan growth and prompting increases in our earnings estimates.
11 Aug 2021
S&U - Reduced impairments underpin increased profit
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S&U - Reduced impairments underpin increased profit
S&U plc (SUS:LON) | 1,872 -187.3 (-0.5%) | Mkt Cap: 227.5m
- Published:
11 Aug 2021 -
Author:
Andrew Mitchell -
Pages:
6
S&U reports that growth in lending at Advantage and Aspen has been somewhat constrained by the supply of used vehicles and houses for sale, but collections have been strong. At Advantage the level of impairment has been lower than expected, more than offsetting lower loan growth and prompting increases in our earnings estimates.