Burford has produced another stunning set of results for 2017. Revenue grew 109% to $341.2m, with 20 investments providing realised gains. Profit after tax grew 129% to $249.3m, with the underlying figure up 132% to $264.8m. RoE was a very impressive 37%. The aggregate RoIC has grown to 75%, with total resolutions since Burford’s inception now $773m. Equally as impressive is the continued acceleration in the pace of investment, with $698m of new commitments in the year. It is clear that Burford is not just delivering today, but its continuing investment should ensure that it can continue to deliver in the future too.
16 Mar 2018
Outstanding results provide more positive evidence
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Outstanding results provide more positive evidence
Burford Capital Limited (BUR:LON) | 1,254 -112.8 (-0.7%) | Mkt Cap: 2,741m
- Published:
16 Mar 2018 -
Author:
Brian Moretta -
Pages:
14
Burford has produced another stunning set of results for 2017. Revenue grew 109% to $341.2m, with 20 investments providing realised gains. Profit after tax grew 129% to $249.3m, with the underlying figure up 132% to $264.8m. RoE was a very impressive 37%. The aggregate RoIC has grown to 75%, with total resolutions since Burford’s inception now $773m. Equally as impressive is the continued acceleration in the pace of investment, with $698m of new commitments in the year. It is clear that Burford is not just delivering today, but its continuing investment should ensure that it can continue to deliver in the future too.