15 May 2020
("TruFin" or the "Company" or together with its subsidiaries "TruFin Group" or “the Group”)
FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019
Full year results demonstrate robust growth and momentum into 2020.
TruFin today announces its financial results for the year ended 31 December 2019, which are consistent with the guidance provided in the trading update of 24 March 2020. TruFin’s complete annual report and accounts, which set out these results in full detail with accompanying commentary, are now available here.
Current Trading and Prospects
James van den Bergh, TruFin CEO, said:
“2019 was a year of meaningful change for TruFin at Group level; we completed the demerger and listing of our largest subsidiary (DFC), the sale of our stake in Zopa (the largest consumer lending peer-to-peer platform in the UK), and completed investments in Playstack and Vertus. Given these transactions, we executed a significant restructuring of the Group’s Head Office to reflect the reduced size of the TruFin Group. Despite these changes, I am pleased to say that each of our underlying businesses continued to perform well over 2019.
More recently, whilst the Covid-19 pandemic has inevitably led to changes in the way that we have had to do business, and there is greater uncertainty in our markets, our businesses operate in sectors that should be resilient in comparison to many others. Much of the momentum we experienced in 2019 is continuing into 2020 and we remain cautiously optimistic about our prospects for 2020 and beyond. We will keep shareholders updated as the current year progresses.”
Full RNS can be found here.Back