The Amigo Board is proposing an interim dividend of 3.1p, an increase of 65.8%, from 1.87p. The interim dividend will be paid on 29 January 2020 to ordinary shareholders on the register on 10 January 2020. The ex-dividend date will be 9 January 2020.
Other financial highlights include:
▪ Net loan book of £730.7m, an 8.8% increase (H1 FY19: £671.7m) underpinned by strong customer growth of 17.9%
▪ Growth in revenue to £145.4m, an increase of 11.8% (H1 FY19: £130.1m)
▪ Cost of funds improved to 4.3% (H1 FY19: 5.2%) following increased securitisation and open market repurchases of senior secured notes
▪ Impairment:revenue ratio within guidance at 31.1% (H1 FY19: 23.3%)
▪ Cost:income ratio increased to 28.0% due to accelerated investment and a provision for complaints (H1 FY19: 17.9%). Excluding the provision for complaints, operating cost:income ratio of 20.8% was within guidance (H1 FY19: 17.8%)
▪ Reported profit after tax for the period of £37.0m, a decrease of 1.9%
▪ Adjusted profit after tax £35.8m (H1 FY19: £47.2m)
▪ Full year guidance for key operating metrics remains unchanged
