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IntegraFin Holdings plc

IntegraFin Holdings plc Solid set of results in H1

IntegraFin Holdings plc (LON:IHP) today reported its Interim Results for the six months to 31 March 2019.

Highlights

· Funds under direction £34.41bn

· Net inflows of £1.81bn in the first half of the year

· 173k clients

Ian Taylor, IntegraFin Holdings Chief Executive Officer, commented:

“We are pleased to announce a solid set of results for the first half of the year. Despite the backdrop of political uncertainty and stock market volatility, Transact has maintained strong positive H1 net inflows.

We remain confident we are well placed to sustain growth as we move into the second half of the year.

The Board has declared a first interim dividend in respect of the six months to 31 March 2019 of 2.6 pence per ordinary share (H1 2018: nil) payable on 21 June 2019 to ordinary shareholders on the register on 31 May 2019. The ex-dividend date will be 30 May 2019.”

Financial Highlights

 ChangeSix months ended 31 March 2019Six months ended 31 March 2018Year ended 30 September 2018
  £m£m£m
Funds under direction+15.6%34,40629,75333,113
Revenue+6.7%47.644.691.2
Profit before tax+19.8%22.418.740.9
Basic and diluted earnings per share+25%5.5p4.4p9.9p
Adjusted operating profit1+4.7%22.221.243.3
Adjusted operating profit margin(2.1%)47%48%48%
Adjusted basic and diluted earnings per share+5.8%5.5p5.2p10.7p
Dividend per share2+8.5%6.4p5.9p5.9p

1Adjusted for non-trading revenue and expenses, principally £2.9m of IPO costs in the six months to March 2018

2The 2018 dividend per share excludes the special pre-IPO dividend paid in January 2018