Financial services group General Capital has announced another profit record for the six months to September 2023.

The company reported growth in revenue, profit, and total assets for the period.

Chairman Rewi Bugo said the directors were particularly proud of the ability to achieve increasing profits during a flat property cycle.

Managing director Brent King said the results were positive compared to the same period last year, with revenue up 30%, net profit after tax up 16%, assets up 12%, and net assets up 75%.

General Capital said it was expecting a strong and profitable remainder of the financial year and was well-positioned to take advantage of acquisition opportunities.

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