9 September 2021 - interim results

The online lender to small businesses has announced its interim results covering the six months to 30 June and these have revealed that total income rose to £120.6m from £101.2m in the comparable period of 2020, with adjusted pre-tax profit rising to £39.3m compared with a loss of £98.2m in 2020.  The group has clearly recovered strongly from the downturn caused by the pandemic with earnings per share for the period emerging at 10.6p.   Demand for funding remained strong during the period with new loans of £1.64bn being . . .

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