Amigo Holdings Plc Report Solid Q1 FY20 Numbers

Amigo Holdings Plc, (LSE: AMGO) has reported solid numbers for the first quarter of FY20, ended 30 June 2019. During the reported quarter the number of customers of the company surged by 17.3% to 210,300 from 179,300 of Q1 2019. The revenue spurted by 13.7% to £71.5 million from £62.9 million of the corresponding previous year quarter. A rise in impairment and increased investment delivered an adjusted profit after tax of £20.4 million for the company, down 6.4% year over year, while the balance sheet has been further strengthened with a £100 million increase in securitisation facility. On 29th August 2019, at the time of writing, GMT 09:18 AM, AMGO shares were trading at GBX 100.00, down by 46.20 points or 31.60% against the previous day closing price.