Home Business News Virgin Money cancels losses after dividend

Virgin Money cancels losses after dividend

by LLB Editor
28th Nov 19 8:00 am

Virgin Money posted a £194m loss for the year to the end of September.It had to set aside £385m in additional PPI provisions and this led it to cutting its dividend for the year.

Underlying profit of £539m was 7% lower compared to 2018 due to higher bad loans it said.

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