Burford Capital (GB:BUR) has released an update.
Burford Capital Limited, a leading finance and asset management firm specializing in law, has reported a significant increase in first quarter cash receipts for 2024, indicating a strong start to the year. The company experienced higher than average realized gains and concluded cases with losses lower than historical trends, alongside moderate new business activity. Despite the positive momentum in their core portfolio, total revenues and net income saw considerable declines compared to the previous year, reflecting the variable nature of their business and timing of revenue recognition.
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