International Personal Finance plc (LON:IPF – Get Rating) declared a dividend on Wednesday, March 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, April 6th will be paid a dividend of GBX 6.50 ($0.08) per share on Friday, May 5th. This represents a dividend yield of 6.77%. The ex-dividend date of this dividend is Thursday, April […]
International Personal Finance plc (LON:IPF – Get Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 93.69 ($1.13) and traded as high as GBX 100.76 ($1.22). International Personal Finance shares last traded at GBX 98 ($1.18), with a volume of 138,376 […]
International Personal Finance plc (LON:IPF – Get Rating) insider Gary Thompson acquired 50,000 shares of the stock in a transaction on Tuesday, April 5th. The shares were purchased at an average price of GBX 104 ($1.36) per share, for a total transaction of £52,000 ($68,196.72). Shares of LON:IPF traded down GBX 1.80 ($0.02) during trading […]
3 March 2021 | 09:35am
StockMarketWire.com - International Personal Finance swung to an annual loss on pandemic-led weakness in its home credit business.
For the year ended 31 December 2020, the pre-tax loss was £40.7 million compared with a profit £114 million year-on-year as revenue fell 22% to £889.1 million.
The loss included an exceptional charge £11.9 million owing to a £10.6 million charge arising from the decision to close its business in Finland and a £9.5 million charge for rightsizing, the company said.
Looking ahead, the company said credit issued during 2021 to date continues to show encouraging trends with year-on-year improvements that are ahead of Q4 2020 despite renewed restrictions on people movement having an impact on customer demand, and we expect to progressively rebuild the receivables portfolio as the year unfolds.