General Capital reports record profit, announces dividend

General Capital has reported a record profit for the six months to September 30, 2024.

The financial services group's revenue increased 39% to $10.8 million, while net profit after tax rose by 31% to $1.57m.

Earnings per share also increased by 31% to 0.57 cents per share.

The company also announced its maiden dividend, which is fully imputed and will be paid on December 13, 2024.

General Capital said the Deposit Taker Act and the Deposit Compensation Scheme has increased interest in the non-bank deposit taker sector.