S&U Plc (SUS.L), a motor, property bridging, and specialist finance services provider on Thursday reported improved pre-tax profit in first half, despite weaker revenue mainly backed by reduced impairment charges.
Profit before taxation increased to 15.57 million pounds from 12.8 million pounds.
Profit attributable to equity holders rose to 11.60 million pounds from 9.56 million pounds in the prior year.
Earnings per share increased to 95.5 pence from 78.6 pence in the prior year.
The impairment charges were 8.13 million pounds, down from 18.8 million pounds in the prior year.
Revenue declined to 51.75 million pounds from 60.36 million pounds a year ago.
In addition, the company declared an improved interim dividend of 35 pence, compared to 30 pence last year. The dividend will be paid on November 21 to shareholders on the register on October 31.
On the London Stock Exchange ,shares were trading 1.75% higher at 1740 pence.
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