2nd Aug 2018 14:14
LONDON (Alliance News) - Non-Standard Finance PLC said Thursday it came close to halving its loss in the first half of the year due to a significantly larger loan book.
In its first half ended June 30, the consumer finance company recorded a pretax loss of GBP2.6 million - almost half its GBP4.2 million the year before.
As at June 30, the size of Non-Standard loan book had multiplied to GBP62.9 million from GBP10.6 million the year before. As a result, revenue nearly doubled to GBP75.1 million from GBP46.3 million.
A 0.6 pence per share interim dividend has been declared, up 20% from 0.5p in 2017.
"The investments made over the past 18-months are starting to bear fruit and we are well-placed to continue to deliver substantial earnings and dividend growth. The third quarter has started well, underpinning our confidence in the full year outlook," said Non-Standard Chief Executive John van Kuffeler.
Shares in Non-Standard Finance were up 6.0% at 58.30 pence on Thursday.
Related Shares:
NSF.L