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Provident Financial Posts Higher Profit In H1 - Quick Facts

7/24/2012 2:39 AM ET

Provident Financial plc (PFG.L) reported a 17.0% growth in first-half pre-tax profit to 72.9 million pounds from 62.3 million pounds last year, reflecting a stable performance in the Consumer Credit Division and continued strong growth in Vanquis Bank. Profit attributable to equity shareholders rose to 55.0 million pounds from the prior year's 45.8 million pounds.

Six-month earnings per share were 41.0 pence, higher than 34.2 pence in the year-ago period.

Revenue increased to 479.5 million pounds from 449.5 million pounds in the 2011 period. Additionally, the interim dividend has been increased by 7.9% to 28.8 pence, reflecting the growth in earnings, strong capital generation and the group's stated policy of maintaining annual dividend cover of at least 1.25 times.

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by RTT Staff Writer

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