Financial Highlights
Revenue up 39% to £28.3m (H1 15: £20.4m)
Profit before taxation up 35% to £11.9m (H1 15: £8.8m)
Basic earnings per share up 36% to 79.2p (H1 15: 58.3p)
First interim dividend increased by 20% to 24.0p per ordinary share (2015: 20.0p)
Operational Highlights
Record first half motor finance advances at Advantage Finance - up 54% on H1 15.
Motor finance collections and debt quality continue at near historical highs.
Post period end increased total funding facilities to £85m which together with 29% group gearing (2015: 45%) give significant headroom for organic expansion and new initiatives.
100,000th motor finance deal milestone achieved by Advantage.
Pilot launch announced of a property bridging finance operation.
Anthony Coombs, Chairman of S&U, commented:
"A further half-year's successful trading and a robust financial position, provide a solid springboard for sustained growth in the year ahead."
