S&U grows lending book sharply while half-year profit holds steady
S&U ($SUS) reported £15.7 million of pretax profit for the half-year ended August 5, little changed from £15.6 million, despite revenue rising to £57.3 million from £51.8 million. Net receivables expanded to £541 million from £426.8 million. Net borrowings increased to £285.1 million, compared with £180 million a year earlier, reflecting the larger financing requirement as lending recovered. Advantage motor finance increased pretax profit to £11.8 million from £10.8 million, with advances of £10
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