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Burford pre-tax profits up 160%

By BFN News | 08:20 AM | Thursday 27 July, 2017


Burford Capital has reported its best ever results with first half profits exceeding its record full-year profit for 2016. Income increased by 130% to $175.5 million (H1 2016: $76.2 million), driven by a 148% increase in investment income to $161.6 million (H1 2016: $65.3 million) and operating profits rose by 151% to $154.9m. Pre-tax profits were up 160% at $144,940,000. Chairman Sir Peter Middleton said: "In just under eight years, Burford has grown from an £80 million startup to become the clear industry leader. "In six months, we have committed almost half a billion dollars to new investments. "We look forward to continuing to develop our core business while supporting all our clients with a broad range of financial solutions." At 8:20am: (LON:BUR) Burford Capital Ltd share price was +83.5p at 1114.5p Story provided by StockMarketWire.com

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