Time Finance plc (GB:TIME) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Time Finance plc reported a robust first quarter with a 9% increase in own-book lending origination and a 20% rise in revenue, alongside a significant 46% surge in profit before tax. The company’s net tangible assets and lending book have also seen a growth of 14% and 17% respectively, maintaining stable net arrears and low bad debt write-offs. This positive trend aligns with the final year of Time Finance’s four-year strategic plan, indicating a strong position for future growth and value creation for shareholders.
For further insights into GB:TIME stock, check out TipRanks’ Stock Analysis page.
