24th Nov 2015 07:54
LONDON (Alliance News) - Paragon Group of Companies PLC on Tuesday reported higher pretax profit in its last financial year, lifted its dividend, and raised its share buyback programme by up to GBP50.0 million and extended it into 2016.
The buy-to-let mortgage lender and consumer debt purchaser said pretax profit increased to GBP134.2 million in the year to September 30, compared with GBP122.8 million the prior year.
The total dividend for the year increased to 11.0 pence from 9.0p.
"Buy-to-let volumes increased by 102% and our pipeline at the year-end was up 72%," Chief Executive Nigel Terrington said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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