27th Nov 2018 09:22
LONDON (Alliance News) - Amigo Holdings PLC on Tuesday said profit grew in the first half of its current financial year, thanks to a rising number of clients.
The online provider of guarantor loans completed its initial public offering in July and joined the FTSE 250 index in September.
Amigo said pretax profit rose 62% to GBP48.4 million in the six months to September 30 from the GBP29.8 million reported for the same period a year ago, as revenue jumped 40% to GBP130.1 million from GBP92.6 million.
The number of customers grew by 34% in the first half to 207,000 from 155,000 the prior year, with Amigo's loan book rising 24% to GBP671.7 million from GBP541.6 million.
Amigo Holdings declares a maiden interim dividend of 1.87 pence a share.
"Amigo has had a strong start on its journey as a listed company with results showing growth across all our key performance indicators," said Chief Executive Glen Crawford.
"We are continuing to work hard to deliver on the objectives we set out at the time of listing and have implemented a number of these initiatives," added Crawford.
Amigo shares were trading down 1.9% on Tuesday at 259.95p each.
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