10th Sep 2021 18:07
PCF Group PLC - parent of PCF Bank Ltd, serving individuals and small businesses - Updates on the ongoing review of its financial controls and reporting processes. Says during the course of this ongoing review has identified certain accounting matters that impact the restatement of profit before impairment of goodwill and tax for the year ended September 30, 2020 on March 11 that stated it was anticipated that such net reduction of profit would not be more than GBP750,000.
As a result, says net reduction is now anticipated to be greater than GBP750,000.
"It remains the case that none of the new matters identified indicate to the board that any monies have inappropriately left the PCF Group. At this time PCF cannot give further guidance as work is ongoing to establish the actual extent of that further reduction," it says.
Current stock price: suspended at 24.00p
Year-to-date change: down 20%
By Arvind Bhunjun; [email protected]
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