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BRIEF-Pioneer Credit says FY 2015 operating profit after taxation expected to be at least $7.7 mln

Published 27/07/2015, 09:53 am
© Reuters.  BRIEF-Pioneer Credit says FY 2015 operating profit after taxation expected to be at least $7.7 mln
PNC
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July 27 (Reuters) - Pioneer Credit Ltd PNC.AX :

* Pnc upgrade to FY 2015 profit guidance PNC.AX

* FY 2015 operating profit after taxation expected to be at least $7.7 million

* Says expects to report a statutory profit after taxation of at least $7.3 million for FY 2015

* Says expects to report operating profit after taxation of at least $7.7 million for FY 2015

* Says primary reason for the upgrade is as a result of the year-end validation of the valuation of its portfolio of customer accounts

* Fair value adjustment expected to result in net gain after taxation of at least $700,000, relative to prospectus forecast"

* Source text for Eikon ID:nASX6wvwpv

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