Paragon Group reported a 20.9 per cent rise in underlying pre-tax profit to 57.9m pounds in the first half, boosted by a rise in loan portfolios and demand for buy-to-let loans.
The parent of buy-to-let lender Paragon Mortgages said it granted loans worth £269.3m during the first half, compared to £102.m the year before as the group benefitted from an uplift in the rental market.
Total operating income jumped 11.3% to £96.4m and earnings per share grew 19% to 15p.
Chief Executive Nigel Terrington said the company remains "well positioned for further growth in the second half of the year".
In February, Paragon Bank launched its first products in the car finance sector which Terrington said marks "a milestone in the on-going diversification of the Group's income streams and funding sources".
Terrington added that while the buy-to-let market has grown in recent years, it remains materially below its pre-financial crisis peak, highlighting additional growth opportunities in the future.
Revenue and profit growth accelerated at plastics specialist Victrex, even though gross margin shrank marginally.
The FTSE 250 group delivered broad-based growth across its markets, with a strong second quarter lifting sales volumes 14% to 1,584 tonnes.
However, group revenue rose by a lesser 13% year-on-year to £120m due to a slightly lower average selling price of £75.8 per kg resulting from a softer sales mix and some currency impact.
Profit before tax rose 7% to £48.9m, with earnings per share rising 8% to 45.1p and a 10% hike of the interim dividend to 11.39p per share.
However, group gross margin slipped from 67.2% to 64.0% due to a softer sales mix, some adverse currency movement as the second-quarter outperformance saw some sales come through un-hedged, together with forewarned higher manufacturing costs due to expansion.
Cash generation remained healthy, despite the significant capital investment this year from the expansion of manufacturing capacity.
Outgoing Chairman Anita Frew, who it was simultaneously announced is going to be replaced by current Non-Executive Director Larry Pentz, said new capacity was now scheduled for commissioning in early 2015, to support core growth and new business opportunities.
Looking back on the first half she said: "We delivered broad based growth across our strategic markets, with a particularly strong performance in our core Victrex Polymer Solutions (VPS) business, alongside continued growth in Speciality Products and a return to growth in Invibio."
Growth across VPS was principally driven by sales of its PEEK polymer thermoplastics resin, with steady progress in Speciality Products from Aptiv, a flexible PEEK film that enjoyed continued demand and double-digit growth in the first half year.
Automotive, Aerospace and Industrial markets continued to perform, with some early but encouraging signs of growth in Electronics.
In the Invibio biomaterials business, a steady recovery followed the previous weaker period of destocking seen in the first half of 2013.
Frew continued: "Our second half has started well, with initial volume trends building on our first half performance. Although we remain mindful of increasing currency headwinds as we move towards 2015, our continued growth momentum means our expectations for the full year are well supported.
"We will continue to focus on driving growth and creating value across our strategic markets."