Provident Financial Show Jump of Joy ; Financial Services

Summary

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Consumer lender Provident Financial posted a jump of almost 20 per cent in first-half profit yesterday, helped by lower losses at credit card unit Van-quis. Group profit before tax and exceptional items for the first six months - including the international unit, which it split from in July - rose to pounds 56.3 million from pounds 47 million a year ago.

The consumer lender's ongoing UK operations, which exclude businesses now part of International Personal Finance, saw a 19.4 per cent rise in profit before tax and exceptional items - including demerger costs - to pounds 38.2 million.

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Provident Financial Show Jump of Joy ; Financial Services

Turnover rose to pounds 525.3 million from pounds 521 million in the ...

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