Provident Financial expects profits to be towards ‘lower end’ of market expectations
Provident Financial, the Bradford-based subprime lender, expects its full year results for 2018 to be on the “lower end” of market expectations.
In an update on trading for the financial year ending 31 December, the company said profits are anticipated to be at lower end of the range of market expectations of £151m to £166m.
Provident Financial noted that its subsidiary, Vanquis Bank, has delivered further customer and receivables growth although impairment has been modestly higher than expected.
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