Provident financial suffers falling profits

Doorstep UK lender Provident Financial today reported a 20% slump in pre-tax profits after it invested heavily in start-ups in Mexico and Romania and its credit card business.

Provident financial suffers falling profits
Wed, 13 Sep, 2006 - 17:41

Doorstep UK lender Provident Financial today reported a 20% slump in pre-tax profits after it invested heavily in start-ups in Mexico and Romania and its credit card business.

However, shares in the Bradford-based firm lifted 1% after it said the outlook for UK home credit has improved.

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CourtsBusinessHeathrowPlace: MexicoPlace: RomaniaPlace: BradfordPlace: UKPerson: ChairPerson: John van KuffelerOrganisation: Doorstep UKOrganisation: Provident FinancialOrganisation: ProvidentOrganisation: Vanquis Bank
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