Burford Capital enjoys strong 2014 with higher operating profits

18th Mar 2015 08:51

Equity investment company Burford Capital said 2014 was a year of robust capital demand with new investments and increasing activity levels.Total income in the group rose 35% to $82m thanks to strong litigation activity levels, while operating profit increased 43% to $60.7m. Profit before tax, acquisition and restructuring costs was also up 34% to $57.1m.Burford proposed a dividend of 7 cents per share, up 34% from the year before.Chief executive Christopher Bogart said: "We are very pleased with 2014's results. It was an excellent year for Burford with growth in revenue and profits across all areas of the company."As Burford enters its sixth year, we have continued to generate strong investment returns and continue to see growing, evolving and diversifying demand for the litigation finance solutions we provide."Shares were up 4.56% to 143.25p on Wednesday at 09:21.