Time Finance upgrades FY23/24 guidance

Time Finance
[shareaholic app="share_buttons" id_name="post_below_content"]

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that it has continued to enjoy positive trading momentum throughout the first five months of the 2023/24 financial year and confirms that the Company will provide a scheduled trading update in respect of H1 2023/24 on 20 December 2023.

Given this positive momentum year-to-date, which includes the lending book reaching a record high of approximately £180 million as at 31 October 2023 and arrears remaining static despite the wider macro-economic environment, the Board now has increased confidence that Time Finance performance for the 2023/24 full-year will be ahead of current market expectations1. Profit before tax for the full year is now expected to be not less than £5.4m.

1.     FY2023/24 market expectations as at the date of this announcement of £30.1m of revenue and £5.0m of profit before tax.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Time Finance plc (LON:TIME) reports strong trading momentum in early FY25, forecasting revenues of at least £35.1m and profit before tax of £7.2m.
Discover top-performing stocks across health, energy, finance, and telecom with insights from leading analysts to make informed investment decisions.
Join Ed Rimmer, CEO of Time Finance PLC, as he presents the company's Q1 2024 financial achievements, growth strategy, and SME funding focus.
Time Finance plc exhibits strong growth with a 40% profit increase in FY24, driven by strategic shifts in secured asset lending and invoice financing.
Time Finance plc boosts its invoice finance funding facility with NatWest to £65M, fueling UK SME growth and reinforcing strong financial performance.
Time Finance plc (LON:TIME) renews and increases its invoice finance funding facility with NatWest to £65m to support UK SME lending and growth.

Search

Search