S & U increases its 2016 interim dividend by 20%

DividendMax Ltd.

S & U increases its 2016 interim dividend by 20%

Financial Highlights

Revenue up 39% to £28.3m (H1 15: £20.4m)

Profit before taxation up 35% to £11.9m (H1 15: £8.8m)

Basic earnings per share up 36% to 79.2p (H1 15: 58.3p)

First interim dividend increased by 20% to 24.0p per ordinary share (2015: 20.0p)

Operational Highlights

Record first half motor finance advances at Advantage Finance - up 54% on H1 15.

Motor finance collections and debt quality continue at near historical highs.

Post period end increased total funding facilities to £85m which together with 29% group gearing (2015: 45%) give significant headroom for organic expansion and new initiatives.

100,000th motor finance deal milestone achieved by Advantage.

Pilot launch announced of a property bridging finance operation.

Anthony Coombs, Chairman of S&U, commented:

"A further half-year's successful trading and a robust financial position, provide a solid springboard for sustained growth in the year ahead."

Companies mentioned