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1pm expects 75% YOY jump in six-month profit before tax

1pm Plc is expecting approximately £3.5 million in profit before tax and exceptional items for the six months ended Nov. 30, an increase of 75% from £2.0 million in the year-ago period.

The company will announce the interim results in the week of Jan. 15, 2018. Revenue is anticipated at £13.8 million for the half, a 73% increase from £8.0 million in the prior-year period.

The results will consolidate the businesses purchased in 2017: Positive Cashflow Finance, Gener8 Finance, Bell Finance and Intelligent Financing.

1pm Plc also negotiated new funding facilities totaling £53.3 million, an increase of £12.8 million on previous facilities.