REG - Orchard Funding Grp - Trading Update

Orchard FundingAnnouncement

01/06/2022 07:00

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RNS Number : 4750N  Orchard Funding Group PLC  01 June 2022

1(st) June 2022

 

Orchard Funding Group PLC

("Orchard Funding Group" or the "Company" or the "Group")

 

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 nine months ended 30(th) April 2022 (the "Period").

As a result of our strong performance in the Period, driven by higher than
anticipated income and careful management of costs, the Board now expects
profit after tax for the year to 31 July 2022 to exceed prior expectations by
over 25 per cent.

For further information, please contact:

Orchard Funding Group PLC
                    +44 (0)1582 346 248

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)
                           +44 (0)20 3100 3222

Neil Patel

Lauren Kettle

 

For Investor Relations please go to: www.orchardfundinggroupplc.com
(http://www.orchardfundinggroupplc.com)

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014 as
amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019) prior to
its release as part of this announcement.

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