Virgin Money's half-year profit falls as provisions rise

May 4 (Reuters) - British lender Virgin Money UK Plc on Thursday reported a fall in its half-year profit, hurt by higher provisions for its bad loans as customers struggled to pay back loans amid a cost-of-living crisis.

The London-listed company reported an underlying profit before tax of 312 million pounds ($392.53 million) for the six months ended March 31, compared with 371 million pounds a year earlier.
($1 = 0.7948 pounds) (Reporting by Sinchita Mitra in Bengaluru; editing by Uttaresh Venkateshwaran)

Reuters

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Virgin Money&apos;s half-year profit falls as provisions rise

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Virgin Money's half-year profit falls as provisions rise