S&U have announced that it has sold its Home Credit division to Non-Standard Finance plc for £82.5m. This will allow the group to focus on its automotive credit business, Advantage, which accounted for 72% of group profit in FY15 and has achieved compound annual revenue growth of 26.6% over the past 3 years and grew profits by 46% in FY15.
07 Jul 2015
Focussing on competitive Advantage
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Focussing on competitive Advantage
S&U plc (SUS:LON) | 1,835 734 2.2% | Mkt Cap: 223.0m
- Published:
07 Jul 2015 -
Author:
Ben Thefaut -
Pages:
3
S&U have announced that it has sold its Home Credit division to Non-Standard Finance plc for £82.5m. This will allow the group to focus on its automotive credit business, Advantage, which accounted for 72% of group profit in FY15 and has achieved compound annual revenue growth of 26.6% over the past 3 years and grew profits by 46% in FY15.