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Burford Capital profit rises 19% on higher investment income

By BFN News | 02:23 PM | Wednesday 13 March, 2019


Litigation financing group Burford Capital posted a 19% rise in annual profit after it posted a large rise in investment management and insurance income. Pre-tax profit for the year through December rose to $315.5m, as revenue jumped 23% to $420.4m. The company declared an annual dividend of 12.5c, up 14% on-year. 'The big question this year was whether 2017's explosive growth was a one-time anomaly,' chief executive Christopher Bogart said. 'These results show that it was not.' At 2:23pm: (LON:BUR) Burford Capital Ltd share price was +74p at 1892p Story provided by StockMarketWire.com

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