16th Dec 2024 20:12
Duke Capital Ltd - Guernsey-based provider of capital solutions to small and medium-sized business owners in Europe and North America - Pretax profit plummets to GBP2.2 million in the six months to September 30 from GBP12.3 million a year prior. Total income more than halves to GBP10.3 million from GBP25.6 million. Recurring revenue totals GBP12.7 million, up 4.1% on GBP12.2 million. Dividend unchanged at 1.40 pence per share. Operating costs fall to GBP3.2 million from GBP4.9 million.
"With a strong, well-funded balance sheet and numerous growth opportunities under review, we have a positive outlook for the months ahead. The private credit and direct lending markets continue to go from strength to strength and we have confidence that our diversified portfolio is well positioned for continued resilience," says Chair Nigel Birrell.
Current share price: 29.50 pence, up 0.9% on Monday
12-month change: down 9.5%
By Jeremy Cutler, Alliance News reporter
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