Burford Capital (GB:BUR) has released an update.
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Burford Capital reported a strong third quarter in 2024, achieving record cash receipts of $556 million year-to-date and $310 million in the third quarter alone. The company saw a significant increase in net realized gains, up 49% from the previous year, reflecting a robust return on investments. Despite a decrease in total revenues compared to 2023, Burford’s financial performance remains solid, with tangible book value per share surpassing $10 for the first time.
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