August 8, 2019 / 7:20 AM / 12 days ago

BRIEF-Funding Circle H1 revenues, losses rise

Aug 8 (Reuters) - Funding Circle Holdings PLC:

* GROUP REVENUE OF £81.4 MILLION (H1 2018: £63.0 MILLION) UP 29%.

* LOSS BEFORE TAX OF £30.8 MILLION (H1 2018 LOSS: £27.1 MILLION).

* Group segment adjusted EBITDA(3) of £1.2 million (H1 2018: £3.3 million) with margin of 1% (H1 2018: 5%).

* Basic loss per share of 8.9 pence (H1 2018 loss: 10.6 pence)

* Loans under management up 37% to £3.54 billion (H1 2018: £2.58 billion)

* Originations up 14% to £1.19 billion (H1 2018: £1.04 billion)

* In the US, Funding Circle passed $2.0 billion of cumulative loan originations and $1.0 billion of loans under management in H1 2019 Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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