Egg UK Profits Fall
Egg Bank's UK profits fall while overall losses reduce
23rd April 2004
Pre-tax UK profits at Egg have fallen by 12% to £15.2m, although the company's overall losses have improved by 69% to just under £5m.
The internet bank, which is 79% owned by Prudential, saw both operating income and customer numbers rise, but its bottom line performance continues to be affected by the heavily loss-making French division of the business.
The proposed sale of Prudential's share of Egg has yet to come to anything.
Read More: icWales
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