Buoyant car markets help credit firm achieve 20% profit hike
Buoyant UK car markets have continued to boost performance at Solihull motor finance provider, S&U.
In its interim results for the six months ended July 31, the company revealed a 20% rise in pre-tax profits – a performance which reflects 17 years of consecutive increasing profits.
Pre-tax profit for the period was £14.3m (H1 2016: £11.9m), a rise of 20%, while earnings per share rose 21% to 96p (H1 2016: 79.2p).
Revenue increased by 33% to £37.6m on receivables up 31% to £228.6m. Gearing at July 17 was 56% (July 20... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
