Overview
Burford Capital has, with its recent final results announcement for the year ended 31 December 2014, posted a 43% increase in its operating profit to $60.7m (2013: $42.5m). This represents a 17% return on equity. The company is also proposing a 34% increase in the dividend to 7.00c per share (2013: 5.23c).
Burford saw a 35% increase in income during 2014 to $82.0m (2013: $60.7m). Management say that the company benefitted from a 23% increase in income from the litigation investment portfolio, a 16% increase in insurance income reflecting (strong performance of the historical book) and a 56% increase in net investment recoveries.
BUR : Burford Capital posts 43% increase in operating profit