21st Oct 2021 20:34
PCF Group PLC - parent of PCF Bank Ltd, serving individuals and small businesses - Says that following a review of impairment levels it determines that an additional impairment charge of GBP6 million will be applied to the results for the year ended September 30. As such, taking the financial 2020 impairment charge into account, along with other adjustments, the new revised reduction to the preliminary result for profit before impairment of goodwill and tax will now be GBP7 million. This will bring the statutory pretax loss to GBP5 million. PCF still has headroom above its regulatory capital requirements, including Pillar 2 buffers, it adds.
Current stock price: suspended at 24.00p
Year-to-date change: down 20%
By Arvind Bhunjun; [email protected]
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