WASHINGTON: Arrow Global, the Manchester-based debt recovery specialist, has reported a 24.7 per cent rise in pre-tax profits. The group’s profits rose to £20.5m for the six months to the end of June on total revenue of £101.5m, which is up 32.4 per cent on last year. This increase has been driven by core collections up 38 per cent to £138.8m and income from asset management up nearly 300% to £17.2m. The group has announced an interim dividend of 2.7p per share.
Group chief executive Tom Drury said: “Arrow Global has been pursuing a consistent and proven strategy over many years. “This has seen us deliver profitable growth in the UK, while continuing to expand at pace internationally and add capital-light servicing revenues to the business. Today’s numbers for the first half of 2016 are very much consistent with these themes.
