Third Quarter Loan Book

RNS Number : 5514C
Distribution Finance Cap. Hldgs PLC
12 October 2022
 

12 October 2022

 

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

 

 

Third Quarter Loan Book

 

Distribution Finance Capital Holdings plc, a specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announces that its loan book reached £334m as at 30 September 2022, up 34% since the start of the year. Additionally, the Group's year-to-date stock turn has extended to c.115 days (FY 2021: 105 days).

The Group continues to perform in line with the Board's expectations for the year ending 31 December 2022.

 

Carl D'Ammassa, Chief Executive, commented: "The momentum we reported through the first half of the year has continued during the third quarter as we head into the critical re-stocking period and expect to see continuing loan book growth. I am pleased with the progress that we have made this year as we scale the bank and focus on reaching near-term profitability."

 

For further information contact:

Distribution Finance Capital Holdings plc


Carl D'Ammassa - Chief Executive Officer

+44 (0) 161 413 3391

Kam Bansil - Head of Investor Relations

+44 (0) 7779 229508

http://www.dfcapital-investors.com




Investec Bank plc (Nomad and Broker)

 +44 (0) 207 597 5970

David Anderson

Bruce Garrow

Harry Hargreaves

Maria Gomez de Olea




 

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