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Amigo declares maiden dividend as profits swell on jump in loan book growth

Tuesday, 27th November 2018
Lender Amigo on Tuesday announced its maiden dividend payment after first-half profits swelled as revenue jumped sharply.

'The Board is delighted to announce its first interim dividend as a listed business of 1.87p per share representing 35% of the adjusted profits after tax for the period since flotation to 30 September 2018, in line with the dividend policy we announced at the IPO,' Amigo said.

For the six months to September, pre-tax profit rose to 62% to £48.4m and revenue rose 40% to £130.1m.

The upbeat performance was supported by strong loan book growth of 24% compared to the same period last year, the company said.

'The growth has been achieved by a rise in customer numbers to 207,000 at 30 September 2018 from 155,000 at 30 September 2017,' it added.

Amigo said it remained on track to meet its targets.

At 8:27am: (LON:AMGO) Amigo Holdings Plc share price was -3.3p at 261.7p



Story provided by StockMarketWire.com

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