July 25, 2019 / 6:12 AM / 2 months ago

BRIEF-Burford Capital H1 operating profit up 37% to $251 mln

July 25 (Reuters) - Burford Capital Ltd:

* SAYS H1 PROFIT AFTER TAX UP 36% TO $225 MILLION (1H18: $166 MILLION)

* OPERATING PROFIT UP 37% TO $251 MILLION (1H18: $183 MILLION)

* SAYS INCOME UP 40% TO $287 MILLION (1H18: $205 MILLION); GROWTH DRIVEN BY 36% INCREASE IN INCOME FROM INVESTMENTS TO $265 MILLION (1H18: $195 MILLION

* SAYS CUMULATIVE RETURNS ON CORE LITIGATION INVESTMENT PORTFOLIO INCREASED TO A 98% RETURN ON INVESTED CAPITAL NET OF LOSSES

* SAYS HAS AN INTERNAL RATE OF RETURN OF 32% (31-DEC-18: 30%)

* SAYS ROBUST DEMAND FOR BURFORD’S CAPITAL REFLECTED IN RECORD NEW INVESTMENT COMMITMENTS OF $751 MILLION, UP 36%

* SAYS TOTAL ASSETS UP 37% TO $2.25 BILLION

* SAYS 1H19 DIVIDEND OF 4.17 CENTS, UP 14% Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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