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16 Jan 2019 | 09:25

1pm declares maiden interim dividend as profits rise

Specialist finance provider to consumers and small businesses 1pm declared a maiden interim dividend after it boosted its first-half profit.

Pre-tax profit for the six months through December rose 12% to to £3.9m, as revenue rose 15% to £16.0m.

The company declared an interim dividend of 0.28p per share.

'We are pleased these interims show that the recent focus on organic growth has delivered another set of strong results,' chairman John Newman said.

'This is particularly encouraging given continuing economic and political uncertainties.'

'Furthermore, this performance demonstrates the effectiveness of our strategy of being a multi-product provider of finance to UK SMEs and consumers, allied to the flexibility of either own-book funding or broking on.'

At 9:25am: (LON:OPM) 1pm PLC share price was 0p at 46p

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