22nd Jun 2021 13:46
Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - Has seen a "steady increase" in customer demand across all divisions in the first quarter to May 31, it says. Digital customer numbers for short-term and long-term lending products have increased 40%, with total loan book balances up 99% relative to the year-end position. New credit issued is 33% above management's expectations, with collections performance also ahead, Morses adds.
"Despite the continued impact of the pandemic, trading performance across all of our lending products has been very strong in the first quarter of financial year 2022," says Chief Executive Paul Smith.
"This encouraging start to the year has been achieved through standout delivery from all our teams and agents and continues the group's strong momentum from the second half of last year."
Current stock price: 92.20p, up 8.2% on Tuesday
Year-to-date change: up 87%
By Will Paige; [email protected]
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