15 Jun 2010

Geneva Finance posts $5m loss

12:26 pm on 15 June 2010

Geneva Finance posted a loss of $5 million for the year to the end of March, but says it will pay $5 million of investors' principal and debt early.

This year's loss is an improvement on the $7 million loss last year.

Revenue fell nearly 40% to just over $23 million.

To date, Geneva has repaid its investors $90 million - 55% of the money owed.