Consumer credit provider counts the cost of failed £1.3bn takeover bid for rival
Listed consumer credit provider Non-Standard Finance (NSF) has this morning revealed its recent half-year pre-tax profits were down 790% compared to the previous year as the Leeds-based firm counts the cost of its failed £1.3bn takeover of Provident Financial.
Reporting on the six month period to 30 June 2019, NSF said its reported pre-tax losses stood at £22.7m, a drop from the £2.5m pre-tax losses it reported in the same period last year. Its revenue, however, increased 16%; from £75m to £87m.
The losses were attributed t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...