Amigo’s post-IPO results win over markets

FTSE 250 guarantor loans lender Amigo Holdings (LON:AMGO) has seen its share price climb by 5.50% to 226.82p (as of 12:55 BST) after revenues increased by 28.4% over the year ended 31st March. Profits after tax were up by 75.1% and the value of the net loan book was 17.4% higher than a year earlier.

Chairman Stephan Wilcke commented: “I am pleased to report that the business has been able to deliver on our principal IPO commitments this year and propose a larger than expected full year dividend of 9.32p due to our increased balance sheet flexibility. This was all delivered against a challenging external environment and much internal change.

Arguably, Amigo being a publicly listed company has raised the profile of the guarantor loan product and fuelled some urban myths about us and our customers. In future we will work harder to dispel those myths and take the time to ensure our evolving stakeholder universe fully understands the service we offer.”

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