Sancus Lending Group Bolsters Capital and Growth
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Sancus Lending Group Bolsters Capital and Growth

Sancus Lending Group Limited (GB:LEND) has released an update.

Sancus Lending Group Limited reported a significant increase in their loans under management, with a 23% growth year-on-year, and a 24% rise in turnover despite anticipating an operating loss for the year ended 31 December 2023. The Group has also bolstered its financial position by securing £5 million through a subscription of preference shares by Somerston Fintech, aimed at enhancing liquidity and working capital for future strategic actions. The annual audited results are scheduled for release in June 2024.

For further insights into GB:LEND stock, check out TipRanks’ Stock Analysis page.

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