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Paragon's first-half profit rises
May 24, 2016 / 6:37 AM / a year ago

Paragon's first-half profit rises

(Reuters) - British lender Paragon Group of Companies Plc (PARA.L) reported a rise in first-half profit and said it expected to see relative benefits from the tax changes announced for the buy-to-let mortgage market.

Paragon said underlying profit rose 12.5 percent to 71.9 million pounds in the six months ended March 31.

Its banking unit also reported a maiden profit during the period.

Reporting by Noor Zainab Hussain and Esha Vaish in Bengaluru; Editing by Sunil Nair

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