Paragon Group Of Companies Plc (PAG.L), dealing in first mortgage and consumer financing, Tuesday reported an increase in pre-tax profit for the first half of the year, reflecting increase in net interest income.
Profit before tax for the first half of the year was 49.1 million pounds, a 9.6 percent increase from prior year's 44.8 million pounds. Underlying profit before tax increased by 10 percent to 48.2 million pounds, from 43.8 million pounds last year.
Post taxation, the profit for the period was 37.8 million pounds, compared with 33.7 million pounds during the same period a year ago. Earnings per share increased by 10.5 percent to 12.6 pence from 11.4 pence reported last year.
Net interest income for the six-month period increased by 5.5 percent to 80.1 million pounds from 75.9 million pounds during the corresponding period last year.
The company has set an interim dividend of 2.4 pence per share to be paid on July 26 to shareholders of record on July 5.
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