Orchard Funding (GB:ORCH) has released an update.
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Orchard Funding Group reported a 14.85% increase in lending volume to £114.70 million and a 22.65% rise in gross total income for the fiscal year ending July 2024, despite facing external challenges and economic headwinds. However, profit after tax decreased by 8.19% to £1.57 million due to higher operating costs and credit losses. The company remains optimistic about its growth prospects, supported by its resilient business model and robust IT infrastructure.
For further insights into GB:ORCH stock, check out TipRanks’ Stock Analysis page.