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Anexo Group PLC - Liverpool, England-based credit hire and legal services provider - In the first half of 2022, revenue climbs 42% to £68.6 million from £48.3 million a year before, due to increased vehicles on hire and legal fee earners growth, it says. Pretax profit jumps 53% to £13.6 million from £8.9 million. Operating profit rose 55% to £16.1 million as a result of improved cash collections, overhead leverage, as well as performance within credit hire, and improved vehicle mix. Cites emissions opportunities that warrant ‘significantly increased investment’ rather than interim payout. Will pay annual dividend following release of full-year results.
‘The group has shown robust growth in the first half and plans to optimise cash generation in the second half year with a focus on improving the vehicle mix. The board has confidence in meeting market expectations for the year with a focus on continuing the strong progress in Housing Disrepair and maximising the emissions opportunities,’ says Executive Chair Alan Sellers.
Current stock price: 114.00 pence, closed up 2.7% on Tuesday in London
12-month change: down 19%
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