Vanquis Banking Group First Half 2024 Earnings: UK£0.14 loss per share (vs UK£0.063 loss in 1H 2023)

Vanquis Banking Group (LON:VANQ) First Half 2024 Results

Key Financial Results

• Revenue: UK£144.4m (down 3.0% from 1H 2023).
• Net loss: UK£35.8m (loss widened by 125% from 1H 2023).
• UK£0.14 loss per share (further deteriorated from UK£0.063 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vanquis Banking Group Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the United Kingdom.

Performance of the British Consumer Finance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Vanquis Banking Group that we have uncovered.

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