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LendInvest PLC - London-based non-bank mortgage lender - Nearly triples its pretax profit in the year ended March 31. Figure rises to £14.2 million from £4.9 million the previous year. Revenue jumps 21% to £87.8 million from £72.4 million. Chief Executive Road Lockhart calls it a ‘landmark year’ for the company, delivering its most profitable set of results to date. Notes strong demand for its buy-to-let products, driving an increase in the total platform's assets under management which grew 36% to £2.15 billion from £1.57 billion the previous year. Funds under management rise to £2.94 billion from £2.48 billion. Recommends a maiden dividend of 4.4 pence per share.
Current stock price: 167.50 pence, up 0.6% in London on Wednesday
12-month change: down 15%
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