Economy Paragon’s first-half profit rises

Paragon’s first-half profit rises

Paragon Group of Companies PlcBritish lender Paragon Group of Companies Plc (PARA.L) reported a rise in first-half profit and said it expected to see relative benefits from the tax changes announced for the buy-to-let mortgage market.

Paragon said underlying profit rose 12.5 percent to 71.9 million pounds in the six months ended March 31.

Its banking unit also reported a maiden profit during the period.

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