Time Finance Full Year results to be ahead of market expectations

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that the Group will provide a detailed trading update in respect of the financial year to 31 May 2024 on 26 March. The FY24 trading update will fully incorporate nine months of Group trading to 29 February 2024.

With continued strong demand from businesses across the UK for the range of alternative finance products that the Time Finance offers, and with positive trading momentum continuing throughout December, January and February, the Board has confidence that FY24 Revenue and Profit Before Tax will now be not less than £31.5m and £5.7m respectively, each ahead of latest market expectations⁽¹⁾.

(1) Current market expectations at the date of this announcement are of FY24 revenue of £30.8m and FY24 PBT of £5.4m.

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Written by: Amilia Stone

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