As a result of the progress made with their strategy, the Morses Club Board is delighted to declare an interim dividend of 2.6p per share
The dividend of 2.6p per share will be paid on 17 January 2020 to ordinary shareholders on the register on 27 December 2019.
Other financial highlights include:
Net loan book growth over 12 months of 6.2% to £72.2m (H1 FY19: £68.0m)
Impairment as a percentage of revenue for the period was 19.0% (H1 FY19: 21.9%)
Customer numbers of c276,000 (H1 FY19: 230,000) which include around 52,000, (H1 FY19: 1,000) in the digital division
HCC adjusted profit before tax up 20.2% to £13.1m (H1 FY19: £10.9m)
Adjusted profit before tax of £9.6m (H1 FY19: £10.5m) with strong performance in HCC division offset by the integration of new digital businesses; Statutory profit before tax is £6.7m (H1 FY19: £10.0m) impacted for the same reason
Adjusted EPS 5.9p (H1 FY19: 6.6p); Basic EPS 4.1p (H1 FY19: 6.3p)
