bullish

S&U PLC

S&U - Reduced impairments underpin increased profit

480 Views11 Aug 2021 18:18
Issuer-paid
SUMMARY

S&U reports that growth in lending at Advantage and Aspen has been somewhat constrained by the supply of used vehicles and houses for sale, but collections have been strong. At Advantage the level of impairment has been lower than expected, more than offsetting lower loan growth and prompting increases in our earnings estimates.

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  • S&U - Reduced impairments underpin increased profit
    11 Aug 2021
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