18 December 2020 - interim results

AIM-listed Morses Club, which provides home collected credit and other loans has announced its interim results for the six months to 29 August.  These have revealed a 24% fall evenues to £50.2m, which is unsurprising in the circumstances, as the period covers the start of the pandemic which clearly had a massive impact on home collected credit with the lockdown imposing severe restrictions.  Adjusted pre-tax profits fell to £2.3m (2019: £9.6m) with earnings per share on the same basis down almost 90% to 0.6p (2019: 5.6p).  Total customer . . .

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