Interim results show further growth in lending and earnings across both divisions; Group revenue increased by 7%, PBT by 3% and the dividend by 6%. Revenue increased 5.3% to £45.6m following an increase in customer numbers YoY from 58,000 to 62,000. A focus on tighter lending conditions reduced impairment and cash collections increased by 7% on a loan book that was up 3%. Competition continues, though, such that cost of sales has increased. Combined, risk adjusted yield increased slight
24 Sep 2019
H119 interim results
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H119 interim results
S&U plc (SUS:LON) | 1,878 0 0.0% | Mkt Cap: 228.1m
- Published:
24 Sep 2019 -
Author:
Michael White -
Pages:
5
Interim results show further growth in lending and earnings across both divisions; Group revenue increased by 7%, PBT by 3% and the dividend by 6%. Revenue increased 5.3% to £45.6m following an increase in customer numbers YoY from 58,000 to 62,000. A focus on tighter lending conditions reduced impairment and cash collections increased by 7% on a loan book that was up 3%. Competition continues, though, such that cost of sales has increased. Combined, risk adjusted yield increased slight