Announcement
CORPACT: GFL: Geneva Announces Interim Dividend
08:30am
GFL
08/11/2021 08:30
CORPACT
NOT PRICE SENSITIVE
REL: 0830 HRS Geneva Finance Limited
CORPACT: GFL: Geneva Announces Interim Dividend
GENEVA FINANCE LIMITED EXPECTS SIX-MONTH PRE-TAX PROFIT FOR PERIOD TO
SEPTEMBER 2021 TO BE 21% ABOVE PRIOR YEAR
GENEVA ANNOUNCES INTERIM DIVIDEND OF 1.25CPS
Despite the impact of lockdowns, the Geneva Group expects its unaudited
results to come in at $3.96m, 21% above the previous year and 4.6% higher
than the guidance announcement made on 14 September.
Managing Director, David O'Connell says, "I am impressed by how the entire
Geneva team has adapted and focused on making the best of the difficult
circumstances the company has faced through these unprecedented times. Across
the lending, insurance, and collections teams and the support functions of IT
and finance, each member has buckled down and given their best to ensure the
company comes out in the best shape possible."
As a result, the board has approved the interim dividend of 1.25 cps. Though
the dividend is unchanged from last year, the payment date is being brought
forward to 30 November (last year the payment date was 21 December). The
ex-dividend date will be 16 November 2021.
The impact on the full year result is expected to be positive, though is
dependent on the term and frequency of any further COVID restrictions. The
Company will provide updates once more information is available.
ends
For more information:
David O'Connell
Managing Director
Geneva Finance Limited
End CA:00382349 For:GFL Type:CORPACT Time:2021-11-08 08:30:46
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