DJ Funding Circle Plc: Half Year 2023 Results Funding Circle Plc (FCH) Funding Circle Plc: Half Year 2023 Results 07-Sep-2023 / 07:00 GMT/BST=----------------------------------------------------------------------------------------------------------------------
Funding Circle Plc 07-Sep-2023 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- Funding Circle Holdings plc Half Year 2023 Results Embargoed until 7.00am, 7 September 2023 HALF YEAR PERFORMANCE IN LINE WITH EXPECTATIONS GOOD PROGRESS EXECUTING ON MEDIUM-TERM PLAN Funding Circle Holdings plc today announces results for the six months ended 30 June 2023.
-- Operating income grew to GBP72.5m up on H1 and H2 2022 followingorigination yield increases, income from FlexiPay and improved interest on cash. -- AEBITDA of negative GBP3.0m reflects planned investment in both the US Loans business andFlexiPay with UK Loans business AEBITDA positive at GBP8.8m and profitable at a PBT level at GBP1.4m.-- Net assets remain robust at GBP264.2m but decreased as we continue to invest in the US Loans business andFlexiPay. Group cash is GBP203.5m , of which GBP172.5m isunrestricted[3].
For conference call access, with the opportunity to ask live questions, please dial +44 33 0551 0200 or +1 786 697 3501. Quote Funding Circle Half Year when prompted by the operator.
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