6th Dec 2024 12:02
Distribution Finance Capital Holdings PLC - Manchester, England-based provider of financing solutions for dealers and manufacturers in the UK - Says full-year results are expected to be "significantly ahead of market expectations" with its loan book in the range of GBP650 million to GBP700 million, up from GBP581 million in 2023. Says its net interest margin continues to sit above expectations, with operating costs being managed well. It is guiding for full-year pretax profit of not less than GBP18.7 million, over four times the GBP4.6 million achieved in 2023 and with the firm noting the inclusion of a GBP3.0 million settlement. Chief Executive Carl D'Ammassa says: "2024 marks another year of strong delivery and execution against our business plan. The group remains well positioned in its strategy to become a multi-product lender and we remain excited by the level of interest in our asset finance product ahead of its expected launch in the first half of 2025." Read More
