24th Mar 2015 07:45
LONDON (Alliance News) - Credit provider S&U PLC Tuesday reported a jump in pretax profit, bolstered by its motor finance and home credit divisions, and the company is confident despite a trio of uncertainties it faces.
The lender said it made a GBP23.2 million pretax profit in the year ended January 31, 2015, compared with GBP17.3 million in the prior year, as revenue increased by 23% to GBP74.4 million and administrative expenses increased by 13% to GBP26.0 million.
Chairman Anthony Coombs took note of the "usual uncertainties" presented by regulation, new competitors and the UK's general election in May, but referred to one of golf's most famous players in stating his confidence for the future.
"As the great South African golfer Gary Player once opined: "the harder I practise, the luckier I get," Coombs said.
By Samuel Agini; [email protected]; @samuelagini
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