Saturday, Sep 16, 2006
Bad debt is everywhere
Guardian Online: Bad debts eat into Co-op profits
The rise in provisions for debts that have turned sour was almost entirely responsible for the fall in Co-op's profits in the first half of the year to £44.7m from £60.2m. Without a £58.2m provision against bad debts - up from £43m - profits would have been over £100m, the bank said.
Posted by uncle chris @ 10:38 AM (145 views) Add Comment
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