The Board is to declare an interim dividend of 1.0p per share (H1 FY21: 1.0p), demonstrating its confidence in the Group's prospects.
The dividend of 1.0p per share will be paid on 11 February 2022 to ordinary shareholders on the register on 14 January 2022.
Other financial highlights include:
Revenue increased by 4.4% to £52.4m (H1 FY21: £50.2m)
Total credit issued to all customers increased by 29.2% to £77.8m (H1 FY21: £60.2m)
Total credit issued to HCC customers 3.9% higher at £53.1m (H1 FY21: £51.1m)
Total credit issued to Digital customers 172.5% higher at £24.8m (H1 FY21: £9.1m)
Net loan book of £60.3m, increase of 8.5% (H1 FY21: £55.6m)
Statutory profit before tax of £1.8m (H1 FY21: £0.8m)
Adjusted profit before tax of £2.6m (H1 FY21: £2.3m)
Statutory HCC profit before tax of £6.5m, an increase of 16.1% (H1 FY21: £5.6m)
Adjusted HCC profit before tax1 of £7.3m, an increase of 7.4% (H1 FY21: £6.8m)
Statutory loss before tax in Digital division (£4.7m) (H1 FY21: (£4.8m))
Adjusted loss before tax in Digital division of (£4.7m) (H1 FY21: (£4.5m)) with profits held back by additional IFRS9 provisioning as a result of 188% increase in loan book
Impairment as a percentage of revenue for the period 31.5% (H1 FY21: 23.5%) as a result of IFRS9 costs on a growing loan book in H1 FY22 in comparison to a declining loan book in H1 FY21
Statutory return on assets of 2.0% (H1 FY21: 7.0%)
Adjusted return on assets of 9.3% (H1 FY21: 9.9%)
Statutory EPS of 1.1p (H1 FY21: 0.5p)
Adjusted EPS of 1.6p (H1 FY21: 1.3p)
