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Company Overview of Tesco Personal Finance plc
Company Overview
Tesco Personal Finance plc engages in the provision of retail banking and insurance products and services to personal customers in the United Kingdom and the Republic of Ireland. The company offers savings accounts, personal loans, mortgages, credit cards, travel money, and ATMs and transactional services. It also provides a range of insurance products, including car, home, pet, travel, van, health, dental, and breakdown cover insurance, as well as all life insurance products. The company is headquartered in Edinburgh, the United Kingdom. Tesco Personal Finance plc is a subsidiary of Tesco Personal Finance Group Limited.
Interpoint Building
22 Haymarket Yards
Edinburgh, EH12 5BH
United Kingdom
2,818 Employees
Key Executives for Tesco Personal Finance plc
Tesco Personal Finance plc Key Developments
Tesco Personal Finance plc reported preliminary consolidated earnings results for the year ended February 28, 2013. For the year, the company reported profit attributable to owners of parent of £103,385,000 on net interest income of £289,813,000 compared to profit attributable to owners of parent of £119,990,000 on net interest income of £301,832,000 of prior year. Net fees and commissions income was £339,922,000 against £395,204,000 of prior year. Total income was £643,379,000 against £702,283,000 of prior year. Operating profit was £113,772,000 against £154,282,000 of prior year. Profit before tax was £123,959,000 against £159,551,000 of prior year. Cash flows used in operating activities were £56,047,000 against cash flows generated from operating activities of £610,788,000 of prior year. Purchase of non current assets was £137,519,000 against £165,431,000 of prior year.
Tesco Personal Finance plc announced unaudited consolidated earnings results for the six months ended August 31, 2012. For the period, the company reported net interest income was £115,849,000 against £134,095,000 a year ago. Statutory profit before tax was £105,272,000 against £45,602,000 a year ago. Underlying profit before tax was £105,272,000 against £103,002,000 a year ago. Profit attributable to owners of the parent company was £82,216,000 against £34,822,000 a year ago. Cash flows used in operating activities was £2,415,000 against cash flow generated from operating activities was £165,618,000 a year ago. Purchase of non-current assets was £79,613,000 against £94,248,000 a year ago. In the six months ended August 31, 2012, there were additions to property, plant and equipment and intangible assets of £55,464,000 against £84,420,000 a year ago.
Tesco Personal Finance plc reported unaudited earnings results for the twenty six weeks ended August 25, 2012. For the period, the company reported revenue (exc. VAT, exc. impact of IFRIC 13) was £514 million. Trading profit was £94 million. Baseline profit was £89 million. Revenues fell slightly in the first half, mainly due to the effects of slowing down the final stages of migration.
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To contact Tesco Personal Finance plc, please visit www.tescobank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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