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S & U increases its 2017 full year dividend by 15%

Investment Tools Ltd.
S & U increases its 2017 full year dividend by 15%

S & U 2017 final results

Key Financials:

·      Revenues up 32% at £79.8m (2017: £60.5m)

·      Profit before taxation up 20% at £30.2m (2017: £25.2m)

·      Basic earnings per share up 19% at 203.8p (2017: 170.7p)

·      Proposed final dividend up 6p to 45p (2017: 39p); total dividend in respect of the year increased by 15% to 105p (2017: 91p)

·      Strong balance sheet:

Net receivables increased by 35% to £262.1m (2017: £193.5m)

Investment in motor finance and in the launch of Aspen Bridging increased yearend net borrowings to £105.0m (2017: £49.2m)

Committed funding facilities increased to £135m post yearend giving good headroom

Companies mentioned

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