FINANCIAL HIGHLIGHTS
Profit before tax £2.5m (H1 2016: loss £2.4m)
Underlying profit before tax £2.7m (H1 2016: £2.0m)
Earnings per share £0.17 (H1 2016: £11.11)
Interim dividend per share 14p (H1 2016: 13p)
Net assets £234m (H1 2016: £282m)
Net assets per share £15.33 (H1 2016: £18.52)
OPERATIONAL HIGHLIGHTS
Customer loans £879m (H1 2016: £657m), increased by 34%
Customer deposits £1,229m (H1 2016: £940m), growth of 31%
Assets Under Management £1,001m (H1 2016: £797m), up by 26%
Completion of acquisition of Renaissance Asset Finance
Commenting on the results, Sir Henry Angest, Chairman and Chief Executive of Arbuthnot, said: "The Group has made good progress in its plans to diversify, the Renaissance Asset Finance acquisition has been completed and the Commercial Banking business is gaining momentum. It is also pleasing to see customer deposits and assets under management pass the significant milestone of £1 billion for the first time. However, with uncertain economic and political times ahead we remain cautious in our decision making."
