1st Dec 2021 13:16
(Alliance News) - Vector Capital PLC said on Wednesday that it now expects 2021 revenue and profit to exceed current market expectations.
Shares were up 15% at 47.00 pence on Wednesday afternoon in London.
Vector cited increasing demand for loans and an expanding introducer base for its strong second half performance and subsequent rise in expectations.
The San Francisco-based commercial lending group last year posted pretax profit of GBP2.3 million, up from GBP2.0 million in 2019. While revenue rose to GBP4.3 million from GBP3.6 million.
The company expects to announce its results and a final dividend for 2021 in early April 2022.
By Heather Rydings; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
VCAP.L