26 Jan 2023
Cenkos: Time Finance plc -- Upgrade to Forecasts
Time Finance has released its interim results for the period ending 30 November 2022, in-line with its December trading update. As previously highlighted, the half was incredibly strong for the group and has given them a great platform for growth in the coming quarters. We are upgrading our FY23E revenue forecast by 3% from £25m to £25.7m and FY23E PBT by 16% from £2.8m to £3.2m. The percentage increases show the desirable operational gearing in the business with c60% gross margins and no additi ....
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Cenkos: Time Finance plc -- Upgrade to Forecasts
Time Finance plc (TIME:LON) | 40.2 0.3 1.9% | Mkt Cap: 37.2m
- Published:
26 Jan 2023 -
Author:
Andrew Renton -
Pages:
6
Time Finance has released its interim results for the period ending 30 November 2022, in-line with its December trading update. As previously highlighted, the half was incredibly strong for the group and has given them a great platform for growth in the coming quarters. We are upgrading our FY23E revenue forecast by 3% from £25m to £25.7m and FY23E PBT by 16% from £2.8m to £3.2m. The percentage increases show the desirable operational gearing in the business with c60% gross margins and no additi ....