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PFG - Provident Financial News Story

185p -32.1  -14.8%

Last Trade - 01/04/20

Sector
Financials
Size
Mid Cap
Market Cap £468.8m
Enterprise Value £2.14bn
Revenue £998.3m
Position in Universe 483rd / 1834

Provident Financial 2019 profit rises

Thu 27th February, 2020 7:16am
Feb 27 (Reuters) - Provident Financial PFG.L on Thursday posted a 1.6% rise in 2019 adjusted earnings and raised its dividend payout, as a rebuilding of its home credit business bore fruit, but the doorstep lender flagged an uncertain outlook post-Brexit. The company, which provides credit to people who do not meet the lending criteria of mainstream banks, said adjusted pretax profit rose to 162.6 million pounds ($211.3 million) in the 12 months ended Dec. 31, from 160.1 million pounds a year earlier. ($1 = 0.7696 pounds) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Provident fares better than rivals in last two years https://tmsnrt.rs/2vOnul9 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Muvija M in Bengaluru; Editing by Maju Samuel) ((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3638; Reuters Messaging: muvija.m.thomsonreuters.com@reuters.net))
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