1pm, the AIM-listed UK finance provider, reported a 20% year-on-year increase on pre-tax profit, to £1.62m (2.3m) in the year ending 31 May 2015.
The lessor’s revenues rose by 31% year-on-year to £5.5m, while its lease portfolio increased by 26% to £25.2m.
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At the end of the financial year, 1pm’s bad debts and provisions as a percentage of the portfolio, were at an all-time low of 0.85%.
Chief executive at 1pm Maria Lewis said: "The Group has again exceeded market expectations. 2015 saw further significant growth and was the fifth consecutive year of increased profit and revenue. Demand for our products and services remains buoyant. Monthly sales have doubled since the last financial year and the Board is confident that new business origination will continue to increase over the next 12 months. "
Ian Smith, non-executive chairman at 1pm, said: "These strong financial results, building on five successive years of organic growth, have enabled the Board to recommend a maiden final dividend for the year of 0.35pence per share. The trading performance is all the more pleasing given that the year to 31 May 2015 was, as planned, a year of investment in resources across the Group to help maintain its continued growth."
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