S&U plc (GB:SUS) has released an update.
S&U PLC, a specialist in motor and property finance, has announced lower than expected profitability for the first half of the financial year, with profits at approximately £12.8m due to challenges at its motor finance division, Advantage Finance. The difficulties stem from FCA-imposed restrictions, which the company is negotiating to remove. In contrast, S&U’s property division, Aspen Bridging, is experiencing strong growth and a promising future, with further details to be revealed in the half-year results on 8 October 2024.
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