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Annual Results

S & U lifts FY pretax profit from continuing operations

22 March 2016 10:28

S&U, the motor finance and specialist lender, has issued its preliminary results for the year ended 31 January 2016.

HIGHLIGHTS:

· Profit before taxation from continuing operations up 32% at £19.5m (2015: £14.8m)

· Earnings per share from continuing operations up 33% at 133.6p (2015: 100.1p)

· Revenues up 25% at £45.2m (2015: £36.1m)

· Additional profit on August 2015 disposal of home credit division of £50.1m

· Proposed final dividend of 33p (2015: 30p); total dividend in respect of the year increased to 76p (2015: 66p)

· Exceptional dividend of 125p per share also paid in November 2015 from proceeds of disposal

· Strong balance sheet: Net assets increased by 57% to £128.3m (2015: £81.5m); Net borrowings reduced to £11.9m with £40m committed facility headroom

At 10:28am: (LON:SUS) S U PLC share price was -15.5p at 2277p

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Related Company: SUS

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