Time Finance Reports Strong Q1 Growth

Time Finance plc (GB:TIME) has released an update.

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.

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