5th Mar 2024 20:57
Time Finance PLC - Bath, England-based finance provider to small and medium businesses - Notes continued sound demand from businesses across the UK for the range of alternative finance products that the company offers. Says positive trading momentum continued throughout December, January and February. Expects revenue in the current financial year ending May 31 to rise by at least 14% to GBP31.5 million from GBP27.6 million in financial 2023. Further, anticipates pretax profit to jump at least 37% to GBP5.7 million from GBP4.2 million a year prior, which it says is ahead of the latest market expectations of GBP30.8 million for revenue and GBP5.4 million for pretax profit.
Current stock price: 39.80 pence per share, closed 4.2% higher on Tuesday in London
12-month change: up 78%
By Tom Budszus, Alliance News slot editor
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