13 Jun 2009

Geneva Finance records loss

8:53 am on 13 June 2009

Geneva Finance recorded a $7 million loss in the year to March, a slight improvement on the $7.9 million it lost in the previous year.

The finance company's revenue was down 14% to $38.8 million.

Geneva Finance says it has been a difficult economic climate to operate in, and the result is disappointing.

The company says an improved business model and recent acquisitions have helped to deliver an unaudited pre-tax profit of $636,000 in the last six months.