IN BRIEF: Orchard Funding shares up as interim profit up, revenue up
6th Apr 2023 12:19
Orchard Funding Group PLC - Luton, England-based professional fee funding provider - Posts revenue of GBP3.8 million for the six months ended on January 31, up 30% from GBP2.9 million the year before. Pretax profit rises by 25% to GBP1.3 million from GBP1.0 million, as operating profit increases to GBP1.2 million from GBP998,000 the year before. Net total income increases to GBP2.9 million from GBP2.3 million. Declares an interim dividend of 1.0p per share, unchanged from a year prior. Looking ahead, it remains cautiously optimistic as the economic outlook shows "signs of improvement". Read More