Business
Interim Results
Interim Results.
About this update from Trufin Plc
[{"type":"text","content":"\n \n \n \n \n \n 20 September 2022\n \n \n \n \n \n TruFin plc\n \n \n \n (\"TruFin\" or the \"Company\" or together with its subsidiaries \"TruFin Group\" or the \"Group\")\n \n \n \n \n \nInterim Financial Report for the six months ended 30 June 2022 (Unaudited)\n \n \n \n \n \n \n •\n \n Combined gross revenue for the Group increased 27% to £6.3m (H1 2021: £4.9m)\n \n \n \n •\n \n Gross revenue at Oxygen Finance Group Limited (together with its subsidiaries) (\"Oxygen\") increased by 36% to £2.5m (H1 2021: £1.8m), driven by growth across all revenue streams from new and existing clients\n \n \n \n •\n \n Gross interest income and fee income at Satago Financial Solutions Limited (\"Satago\") increased by 120% to £0.6m (H1 2021: £0.3m) as Satago focused on Lending-as-a-Service (\"LaaS\") solutions with Lloyds Bank plc (\"Lloyds Bank\" or the \"Bank\")\n \n \n \n •\n \n Playstack Ltd (\"Playstack\"), after a strong H1 2021, maintained gross revenue levels with H1 2022 experiencing 4% growth to £2.3m (H1 2021: £2.2m)\n \n \n \n •\n \n Gross interest income and fee income at Vertus Capital Limited (\"Vertus\") increased 43% to £0.9m (H1 2021: £0.6m), as a result of the increase in new facilities, overall loan book and rising interest rates\n \n \n \n •\n \n TruFin Group's loss before tax improved to £4.8m (H1 2021: £5.2m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 months to\n \n \n \n \n 30 June\n \n \n \n \n 2022\n \n \n \n \n \n \n 6 months to\n \n \n \n \n 30 June\n \n \n \n \n 2021\n \n \n \n \n \n \n 12 months to\n \n \n \n \n 31 December\n \n \n \n \n 2021*\n \n \n \n \n \n \n \n \n Financials and KPI's (Unaudited)\n \n \n \n \n \n \n £'000\n \n \n \n \n \n \n £'000\n \n \n \n \n \n \n £'000\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross Revenue\n \n \n \n \n 6,281\n \n \n \n \n 4,941\n \n \n \n \n 13,115\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss before tax\n \n \n \n \n (4,795)\n \n \n \n \n (5,173)\n \n \n \n \n (8,422)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss before tax includes:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n share‐bas...