3rd Aug 2015 09:31
LONDON (Alliance News) - Impact Holdings (UK) PLC on Monday said that pretax profit more than doubled in its last financial year, as the lender's revenue grew.
The short-term funding company, which also provides services to the legal and business sectors, said pretax profit increased to GBP252,669 in the year ended March 31, compared with GBP97,088 in the prior year. Revenue was up to GBP2.0 million from GBP1.7 million.
"These are pleasing results given the ongoing complex and long running litigation we are engaged in. We continue to de-risk the business and reduce our exposure to external debt providers," Chairman Roger Barlow said in a statement.
No dividend will be declared for the year, the company said.
Impact Holdings shares were up 5.0% at 105.00 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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