May 23 British buy-to-let mortgage lender
Paragon Group of Companies Plc reported a marginal fall
in first-half profit, but said its buy-to-let pipeline had more
than doubled, pointing to full-year lending volumes topping its
Paragon, which has been diversifying its business from its
core buy-to-let mortgage market, made a pretax profit of 69.4
million pounds ($90.1 million)in the six months to the end of
March, down from 69.5 million pounds the year before.
The company is paying an interim dividend of 4.7 pence per
share, up 9.3 percent.
($1 = 0.7702 pounds)
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by