Burford Capital (BUR): Another record set of results
Once again Burford has produced record revenue and profits, with some of the 2017H1 figures beating the FY2016 figures. Overall revenue grew 130% to $175.5m with adjusted profit after tax up 170% to $142.7m. The main driver continues to be the litigation finance business, underpinned by the two secondary market sales in the Petersen case which brought in $106m of cash, while de-risking the balance sheet. Profits in this segment grew from $52.6m in 2016H1 to $150.3m. The interim dividend has been increased by 14% to 3.05¢.
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