Just Group doubles profit two years ahead of schedule

(Sharecast News) - Just Group saw full-year operating profits jump by a third. The financial services group had pledged to double its profit over five years, but had now managed that feat two years ahead of schedule.

Underlying operating profit was up by 34% to £504m.

Management cited new business sales growth, higher recurring in-force profit and more scale.

Adjusted profit before tax fell by 7.3% to £482m, due to lower non-operating items.

The company's total dividend per share rose by 20% to 2.5p, thanks to a 1.8p final payout.

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