Summary
Shares in buy-to-let mortgage lender Paragon Group - which employs 720 people at its headquarters in Solihull - fell more than six per cent yesterday despite a healthy jump in interim profits.
Paragon, whose operation is largely based on the old National Home Loans business, posted an 11 per cent rise in pre-tax profits for the six months to March 31, up from pounds 39 million to pounds 43.3 million.See the full content of this document
Extract
Profits Big Virtue for Paragon ; Mortgage Lending
On a fully taxed basis, earnings per share rose 12.8 per cent, from 24.2p to 27.3p, while total loan advances were 38.9 per cent higher, from pounds 1....
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