(DAV.L) Davenham Group PLC Buy/Sell

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(AFX UK Focus) 2009-09-29 07:25 BRIEF-Davenham reports FY loss
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LONDON, Sept 29 (Reuters) - British small business lender Davenham Group Plc: REVENUE OF &POUND;49.1M (2008: &POUND;53.1 M) PRE-TAX LOSS OF &POUND;55.4M (2008: PROFIT OF &POUND;12.7M)++ IMPAIRMENT CHARGE OF &POUND;49.2M (&POUND;66.7M INCLUSIVE OF GROSS UP LOAN PORTFOLIO REDUCED FURTHER TO &POUND;173M AS AT CLOSE OF BUSINESS ON 28 `September 2009` ANNUALISED COST SAVINGS OF &POUND;3.6M ACHIEVED WE DO NOT SEE A SIGNIFICANT UPLIFT IN THE ECONOMIC ENVIRONMENT CURRENTLY THE GROUP HAS AGREED WITH ITS BANKING GROUP NOT TO MAKE DIVIDEND `distributions` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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