Trading Update

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                                                       [phone]

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)                                    [phone]

Neil Patel

Lauren Kettle

For Investor Relations please go to: 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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