good news on way5 Jan 2015 09:16
1pm (AIM: OPM), the AIM listed specialist independent provider of finance facilities to the SME sector, is pleased to announce the following trading update ahead of the publication of its interim results for the six months ended 30 November 2014, which are scheduled to be released during the week commencing 19 January 2015.
The trading results for the half year ended 30 November 2014 will show further growth in revenue and profits compared to the corresponding period last year.
The Group continues to experience high levels of demand for finance from SMEs. The asset finance and loan portfolios have continued to grow, with over £6.8m of new business written during the first six months of the current trading year, representing a 36 per cent. increase compared with the first six months of last year (H1 2014: £5m). This included record new business of over £1.5m in a single month, written during October 2014.