StockMarketWire.com - GLI Finance's audited net asset value per share fell to 42.73p as at 31 December - down from 51:00p at tjhe end of 2014. The reduction was primarily driven by write-downs in the value of investments and loans as at the year-end.

Loans processed by GLI's portfolio of platforms increased significantly in FY15 due to the addition of several platforms and strong origination growth at many of the platforms. The number of loans completed in the period increased by 113.4% while the average loan size decreased by 12.8%.

Chairman Patrick Firth said: "We are going through a strategic review and the remainder of 2016 and beyond will be a period in which we assist the development of the prioritised platforms to enable them to significantly scale. As the platforms become more successful, we will seek to maximise and capture additional value for GLI.

"There will be further examples of potential areas we can exploit over time, but we will only do so where there is a manifest and measurable benefit to our own shareholders. The outlook for the industry is exciting although there are bound to be challenges along the way, the potential for GLI Finance and its prioritised platforms is considerable and the Board and Executive team are focused on improving shareholder value."


At 9:05am: [LON:GLIF] GLI Finance Ltd share price was +0.25p at 32.5p



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