Last checked at 1 Jun 2022 07:00
1st June 2022
Orchard Funding Group PLC
("Orchard Funding Group" or the "Company" or the "Group")
Trading Update
Orchard Funding Group, the finance company which specialises in insurance premium finance and the professions funding market, provides the following trading update for the nine months ended 30th April 2022 (the "Period").
As a result of our strong performance in the Period, driven by higher than anticipated income and careful management of costs, the Board now expects profit after tax for the year to 31 July 2022 to exceed prior expectations by over 25 per cent.
For further information, please contact:
Orchard Funding Group PLC +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
Liberum (Nomad and Broker) +44 (0)20 3100 3222
Neil Patel
Lauren Kettle
For Investor Relations please go to: www.orchardfundinggroupplc.com
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019) prior to its release as part of this announcement.