Orchard Funding Sees Growth Amidst Economic Challenges

Orchard Funding (GB:ORCH) has released an update.

Orchard Funding Group reported a 14.85% increase in lending volume to £114.70 million and a 22.65% rise in gross total income for the fiscal year ending July 2024, despite facing external challenges and economic headwinds. However, profit after tax decreased by 8.19% to £1.57 million due to higher operating costs and credit losses. The company remains optimistic about its growth prospects, supported by its resilient business model and robust IT infrastructure.

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