PCF Group PLC - specialist bank - Says lending portfolio has continued to grow against a backdrop of lower demand, cautious underwriting and a challenging operational environment. Portfolio likely to exceed GBP435 million at year-end, versus GBP335 million year before.
"At the present time we feel it unwise to issue forward guidance while the events surrounding Covid-19 and economic forecasts remain highly uncertain. Although the crisis will inevitably have an impact on this year's results, we remain both profitable and cashflow positive in this period," says PCF.
Also announces appointment of Nick Price as interim chief financial officer with immediate effect. Search for a permanent CFO is ongoing.
Current stock price: 20.20 pence
Year-to-date change: down 42%
By Lucy Heming;Â lucyheming@alliancenews.com
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