News

Geneva reports $7.88m loss

Monday 16th of June 2008
It says the loss has come about because of the closure of the branch network; the restructure costs associated with the moratorium; an increase in provisioning levels; historical lending performance; and the disruption of collection activities during the moratorium.

Overall the company's revenue was down 15% to $28.4 million.

Geneva chief executive Shaun Riley says the results should...

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