By Sabela Ojea
Non-Standard Finance PLC on Wednesday reported a widened pretax loss for 2020 after booking significant exceptional charges amid the Covid-19 pandemic and warned about remaining a going concern if it doesn’t complete a substantial capital raise.
The U.K. subprime lender posted a pretax loss of 135.7 million pounds ($187.8 million) for the year, compared with a loss of GBP76.0 million for 2019. The company booked exceptional charges of GBP97.8 million, it said.
Revenue fell to GBP162.7 million in 2020 from GBP180.8 million a year ago.
The FTSE 250 company said it is planning a capital raise in