10th Sep 2024 11:30
Time Finance PLC - Bath, England-based asset, loan and invoice finance for small and medium enterprises - Ahead of its annual results on September 25, Time Finance says says net tangible assets exceed GBP40 million as of August 31. July and August, the second and third month of its new financial year, both saw record revenue, it says. Revenue in the first quarter as a whole was 20% up on GBP7.6 million a year before, which would place it at GBP9.1 million. This gives the company confidence in achieving a full-year performance in line with market expectations, it says.
Current stock price: 53.08 pence, up 5.1% in London on Tuesday
12-month change: doubled from 26.00p
By Tom Waite, Alliance News editor
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