REG - Orchard Funding Grp - Trading Statement <Origin Href="QuoteRef">ORCH.L</Origin>

Orchard FundingAnnouncement

15/03/2017 07:06

RNS Number : 4797Z
Orchard Funding Group PLC
15 March 2017
Orchard Funding Group PLC
("Orchard Funding Group" or the "Company")
Trading Update
Orchard Funding Group, the finance company which specialises in insurance premium finance and the professions funding market, provides the following trading update for the six months ended 31 January 2017.
Trading performance for the period was in line with the Board's expectations with pleasing growth in all segments of the business.
The Company's lending performance (our KPI's) for the period was as follows:
31 January 2017
31 January 2016
% growth
m
m
Lending
Broker finance companies
20.60
16.46
25.15%
Direct insurance
3.69
0.84
339.29%
Professional funding
6.82
6.33
7.74%
Total lending
31.11
23.63
31.65%
Loan book
Broker finance companies
16.05
13.46
19.24%
Direct insurance
3.17
0.76
317.11%
Professional funding
6.77
5.92
14.36%
Total loan book
25.99
20.14
29.05%
Orchard Funding Group will be announcing its interim results for the six month period ended 31 January 2017 on 31 March 2017.
For further information:
Orchard Funding Group PLC  +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
finnCap Limited (Nomad and Broker)  +44 (0)20 7220 0579
Jonny Franklin-Adams (Corporate Finance)
Emily Watts (Corporate Finance)
Tim Redfern (Corporate Broking)
For Investor Relations please go to: www.orchardfundinggroupplc.com

This information is provided by RNS
The company news service from the London Stock Exchange
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