30th Jun 2020 17:49
Manx Financial Group PLC - financial services firm - Net interest income increases to GBP17.9 million in 2019 from GBP15.6 million in 2018, with pretax profit up to GBP3.0 million from GBP2.7 million. Says trading for the initial three months of the year was "strong in all areas", but as the year progressed, a number of loan customers found difficulty in meeting their initial terms. "In short, the financial impact of the virus on the full year's figures is still too uncertain to provide any reliable guidance but our strong cash reserves and diverse income streams will prove valuable assets in the forthcoming months," the company said.
Current stock price: 7.5p
Year-to-date change: down 13%
By Lucy Heming;Â [email protected]
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