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1pm profit falls 22% but lender hikes dividend

By BFN News | 01:50 PM | Wednesday 15 January, 2020


Specialist finance provider 1pm booked a 22% fall in first-half profit, citing economic uncertainty and a change in product mix hurting revenue. Pre-tax profit for the six months through November declined to £3.0m, down from £3.9m on-year. Revenue fell 2.5% to £15.6m. The company declared an interim dividend of 0.36p per share, up 29% on-year. Chief executive John Newman said the company was satisfied with its peformance, given macro-economic and political uncertainty experienced in the UK throughout 2019. At 1:50pm: (LON:OPM) 1pm PLC share price was -3p at 34.5p Story provided by StockMarketWire.com

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