OSB Group PLC (GB:OSB) has released an update.
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OSB Group PLC reported a robust first half in 2024, with underlying profit before tax more than doubling to £249.9m and the net loan book growing by 1.5% to £26.1bn. The Group also announced an 18% rise in underlying return on equity and an interim dividend of 10.7 pence per share, marking a disciplined approach to new lending and prioritizing returns over growth. Additionally, a new £50m share repurchase program was approved to commence in September.
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