FINANCIAL HIGHLIGHTS
Profit for the period £225m (H1 2015: £12.7m)
Underlying profit before tax £2.0m (H1 2015: £1.4m)
Reported loss before tax on continuing ops £2.4m (H1 2015: £0.4m)
Earnings per share £11.11 (H1 2015: £0.44)
Interim dividend per share 13p (H1 2015: 12p)
Special dividend 25p to be paid on 27 July 2016
Net assets £282m (H1 2015: £179m)
Net assets per share £18.52 (H1 2015: £11.74)
Net assets increased almost six fold since December 2011 (£3.12 per share)
OPERATIONAL HIGHLIGHTS
Completed sale of Everyday Loans - gain on sale £117m
Placed 33% stake in Secure Trust Bank generating a gain of £100m
Purchased a £50m investment property in the West End
Customer loans £657m (H1 2015: £584m)
Customer deposits £940m (H1 2015: £770m)
Assets Under Management £797m (H1 2015: £701m)
Commenting on the results, Sir Henry Angest, Chairman and Chief Executive of Arbuthnot, said:
"The Group has completed two significant transactions this year, which have substantially increased its financial resources. We are well positioned to accelerate the growth of Arbuthnot Latham and also to invest in other opportunities that may arise given the current volatile economic environment."
