Financial Highlights
Profit before taxation up 28% to £11.3m (H113: £8.8m)
Basic earnings per share up 33% to 75.0p (H113: 56.6p)
Revenue up 21% to £34.7m (H113: £28.6m)
First interim dividend increased by 21% to 17.0p (2013: 14.0p)
Operational Highlights
73% increase in number of motor finance new loan transactions
12% increase in home credit sales and 10% increase in customer numbers.
Record collections performance in Advantage motor finance division.
10% increase in home credit collections.
Recent FCA regulatory regime providing an opportunity further to refine our much valued customer relations
Deposit Taking Licence application in progress.
Anthony Coombs, Chairman of S&U, commented:
"The gradual recovery in the economy has seen a distinct improvement in consumer confidence which has justified the significant investment we have made in both our motor finance and home credit divisions. By continuing to keep our customers at the centre of everything that we do, we are seeing that investment bears fruit. With hard work and attention to detail we are confident that it will continue to do so."
