S&U PLC Reports Mixed Six-Month Financials

S&U plc (GB:SUS) has released an update.

S&U PLC reported mixed financial results for H1 2024, with overall revenue up to £60.4m but profits before tax down to £12.8m from the previous year’s £21.4m. The motor financing arm, Advantage Finance, faced regulatory challenges leading to a dip in performance, while Aspen Bridging, the property lending division, saw a 42% increase in profit before tax. The company remains optimistic about future growth, citing internal reforms and a favorable political climate for financial services.

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