Distribution Finance Capital Holdings Plc (GB:DFCH) has released an update.
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Distribution Finance Capital Holdings plc, a UK specialist bank, has reported a substantial increase in profitability, with a pre-tax profit surge of 187% to £9.2m for the first half of 2024. The company achieved record lending figures and a strong net interest margin, significantly exceeding targets. Amidst a backdrop of economic challenges, DF Capital has sustained growth and efficiency, forecasting a promising year-end loan book value and planning a new hire purchase product launch for H1 2025.
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