IN BRIEF: Sancus says tough backdrop hitting "activity levels"
Sancus Lending Group Ltd - alternative financial services provider - Revenue in four months to April 30 increases 44% to GBP8.5 million from GBP5.9 million a year prior. "The board remains encouraged by the continued growth in revenues and assets under management and by the resilience of origination volumes in challenging market conditions. However, the current geo-political and macro-economic backdrop continues to impact activity levels across the group's markets and has resulted in slower deployment of capital than originally anticipated and a longer duration of loans," Sancus Lending says. "The board remains focused on disciplined deployment of capital, margin management and growing assets under management through the remainder of the financial year, whilst remaining mindful of the uncertain market environment." Read More