By Michele Maatouk
Date: Tuesday 28 May 2019
LONDON (ShareCast) - (Sharecast News) - FTSE 250 lender Amigo Holdings, which charges interest rates of 49.9%, posted a jump in full-year adjusted profit on Tuesday as customer numbers grew.
In the year to the end of March 2019, adjusted profit after tax increased 38.3% to £100.1m on revenue of £270.7m, up 28.4% on the previous year, with customer numbers up 23.1% to 224,000.
Analysts had been expecting revenue of £258.1m.
The net loan book rose 17.4% on the previous year to £707.6m and basic earnings per share were 52.8% higher at 19.4p. Meanwhile, the cost to income ratio improved to 17.5% from 21.9% in 2018.
Amigo proposed a final dividend of 7.45p a share, taking the annual dividend to 9.32p a share.
Chief executive officer Glen Crawford said it had been "perhaps the most significant" year in the company's history, after it successfully listed on the London Stock Exchange and gained a place in the FTSE 250 index.
"No small achievement for a business started from nothing in Bournemouth by our founder in 2005. Amigo continues to lead the provision of the guarantor product, which is a niche offering within the wider mid-cost credit sector, at a time when the demand for guarantor loans, as well as other mid-cost products, is growing," he said.
Crawford said the company had had a "solid" start to the year despite the mood of uncertainty around Brexit.
"We remain cautiously optimistic around the prospects for the full year," he said.
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Currency | UK Pounds |
Share Price | 0.27p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 0.88 |
52 Week Low | 0.12 |
Volume | 398,854 |
Shares Issued | 570.35m |
Market Cap | £1.51m |
RiskGrade | 543 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 09-Jan-20 | 18-Jul-19 |
Paid | 29-Jan-20 | 31-Jul-19 |
Amount | 3.10p | 7.45p |
Time | Volume / Share Price |
11:29 | 22 @ 0.25p |
10:00 | 37 @ 0.25p |
09:39 | 147,694 @ 0.25p |
09:26 | 251,101 @ 0.25p |
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