Manx Financial Group PLC

MFX

IM00B28ZPX83

Consumer Lending

Market Closed - London S.E. Other stock markets 11:35:18 2024-04-26 am EDT			5-day change	1st Jan Change
21 ^GBX	0.00%		0.00%	+37.70%

Apr. 25	Manx Financial Group plc Announces Dividend for the Period from 1 January 2023 to 31 December 2023, Payable on 24 June 2024	CI
Apr. 22	Jefferies raises B&M to 'hold'	AN

Manx Financial shares jump on "record" yearly results

March 21, 2023 at 06:38 am EDT

Manx Financial Group PLC - Isle of Man-based financial services firm - Posts net interest income of GBP24.3 million for 2022, up 35% from GBP18.0 million in 2021. Pretax profit jumps by 71% to GBP5.2 million from GBP3.0 million, as operating income rises to GBP26.1 million from GBP20.0 million a year earlier. Interest revenue, calculated using the effective interest method, rises to GBP29.0 million from GBP21.0 million. Looking ahead, says its various business streams are well-positioned to support the growth in profitability for this year.

Executive Chair Jim Mellon says: "The year's financial performance sets a record despite the continued economic uncertainty in the Isle of Man and the UK throughout 2022. Profit before tax payable increased by GBP2.2 million to GBP5.2 million, an increase of over 70%. As a result, we are well-positioned to support the growth in profitability for 2023."

Current stock price: 28.50 pence each, up 27% on Tuesday morning in London

12-month change: up significantly from 8.50p a year ago

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Manx Financial Group PLC

Manx Financial Group plc Announces Dividend for the Period from 1 January 2023 to 31 December 2023, Payable on 24 June 2024	Apr. 25	CI
Jefferies raises B&M to 'hold'	Apr. 22	AN
Manx annual profit grows as revenue surges; cautiously optimistic	Mar. 26	AN
Manx Financial Group PLC Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Manx Financial Group PLC Recommends Dividend for the Year 2023	Mar. 26	CI
FTSE 100 Closes Up Supported by Basic Resources, Energy Stocks	23-10-16	DJ
Manx Financial Says Subsidiary Conister Bank Has Obtained PRA Authorisation To Accept Deposits Through Its UK Branch	23-10-16	RE
Manx Financial Unit Secures UK Branch Banking License	23-10-16	MT
Manx says Conister Bank has earned UK banking licence	23-10-16	AN
The FTSE 100 Closed Down Despite the Bank of England Leaving Rates Unchanged	23-09-21	DJ
EARNINGS: Aurora Investment recovers; Chesnara swings to profit	23-09-21	AN
Earnings Flash (MFX.L) MANX FINANCIAL GROUP Reports H1 EPS GBX1.30	23-09-21	MT
Manx Financial Group PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-21	CI
Manx Financial Group plc Announces Dividend for the Period from 1 January 2022 to 31 December 2022, Payable on 19 July 2023	23-05-30	CI
Instant View: Bank of England raises rates, cites stubborn inflation	23-05-11	RE
Analysis-Rate rises pile pain on SME firms in U.S. and Europe	23-03-30	RE
FTSE 100 Closes Up 1.8% as Banks Rally	23-03-21	DJ
Banks lead London higher as confidence returns	23-03-21	AN
Banking crisis fears calm; Fed decision looms	23-03-21	AN
Investors Go Bargain Hunting on UK Financials as Stocks Rebound	23-03-21	DJ
Manx Financial shares jump on "record" yearly results	23-03-21	AN
AIM WINNERS & LOSERS: Manx Financial reports record 2022 results	23-03-21	AN
FTSE 100 Climbs Again as Financials, Oil Stocks Gain	23-03-21	DJ
UK Public Finances Offer Hopes for Chancellor Despite High February Deficit	23-03-21	DJ
Earnings Flash (MFX.L) MANX FINANCIAL GROUP Posts FY22 EPS GBX3.15	23-03-21	MT

Chart Manx Financial Group PLC

Duration

Period

More charts

Company Profile

Manx Financial Group PLC is an Isle of Man-based company, which is primarily engaged in the provision of financial services. The Company operates through its subsidiary, Conister Bank Limited (the Bank). The Bank provides a variety of financial products and services, including savings accounts, asset financing, personal loans, loans to small and medium sized enterprises, block discounting and other specialist secured credit facilities to the Isle of Man and the United Kingdom consumer and business sectors. The Company operates through three product orientated segments in addition to its investing activities: Asset and Personal Finance, including provision of hire purchase (HP) contracts, finance leases, personal loans, commercial loans, block discounting, vehicle stocking plans and wholesale funding agreements; Edgewater Associates Limited, which is engaged in the provision of financial advice; and MFX Limited, which is engaged in the provision of foreign currency transaction services.

Sector

Consumer Lending

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Consumer Lending

	1st Jan change	Capi.
MANX FINANCIAL GROUP PLC	+37.70%	30.48M
BAJAJ FINANCE LIMITED	-8.14%	49.88B
BAJAJ FINSERV LTD.	-5.25%	30.53B
JIO FINANCIAL SERVICES LIMITED	+63.88%	29.08B
ORIX CORPORATION	+20.03%	23.38B
SYNCHRONY FINANCIAL	+16.97%	17.94B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	-6.99%	11.81B
SHRIRAM FINANCE LIMITED	+21.92%	11.27B
SOFI TECHNOLOGIES, INC.	-20.90%	8.31B
MUTHOOT FINANCE LIMITED	+14.34%	8.13B