LONDON (dpa-AFX) - Provident Financial Plc. (PFG.L) clarified its financial targets and said that it is not possible to derive a profit figure for any future period.
The company targets to deliver a return on assets of about 10% for the Group as a whole which is consistent with a target return on equity of between 20% - 25%, by 2021 and beyond.
It will also target sustainable receivables growth of between 5% and 10% per annum which it expect to achieve over the medium term, maintaining dividend cover of at least 1.4 times and a sensible buffer over the total capital requirement as prescribed by the PRA.
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