S&U PLC (LSE:SUS, FRA:97V) Anthony Coombs talks to Proactive London's Katie Pilbeam about their strong first half with profits boosted by record collections and a lower-than-normal impairment charge.
Pre-tax profits came in at £19.9mln in the six months to 31 July 2021, up from £6.3mln in the same period last year, with earnings per share rising to 133.1p from 41.9p. Group income increased 5% to £42.8mln and net group receivables were 9% higher at £306.4mln.
Record collections and new customer quality led to a lower-than-normal impairment charge of £5.1mln, compared with £21.7mln in the first half of 2020 and £7.9mln in the same period in 2019.
