LONDON (Alliance News) - Private and Commercial Finance Group PLC said it is trading in line with its expectations as the positive momentum its experienced towards the end of its last financial year had continued.
In a statement ahead of its annual general meeting, the finance house said that its portfolio had grown to GBP85 million from GBP80 million in the previous year. It said that new business originations for the five months August are GBP22.6 million, up from GBP14.8 million in the comparative period in the previous year.
Performance for the year so far, and portfolio growth, meant the company could view the rest of the year with confidence, Private and Commercial Finance said.
The company's shares were trading up 2.6% at 10.00 pence Friday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2013 Alliance News Limited. All Rights Reserved.
