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Annual Results

1pm sees strong FY growth in revenue, profits

05 July 2017 07:36

1pm Plc said its trading results for the year will demonstrate further strong growth in both revenue and profits compared with the prior year.

"Revenue for the Group will be marginally ahead of market expectations and profit before tax for the Group, after exceptional items, will be in line with market expectations," it said in a FY trading update.

"The Group has continued to experience strong levels of demand for finance from the SME sector across the growing range of products offered.

"This range includes asset finance (finance lease and hire purchase) for 'hard' and 'soft' assets, business loans, vehicles broking and, latterly, invoice finance, following the establishment of the Commercial Finance division in May and the recent acquisitions of Gener8 Finance Limited and Positive Cashflow Finance Limited, both of which completed subsequent to the year-end."

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