First National Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by 13.1% to Ј5,793,231 from the 1998 figure of Ј5,122,328. Pre taxation profits have fallen by 49.3% to Ј301,533 from the 1998 figure of Ј594,878.
BCR Publishing
BCR Comment
The reduction in First National’s profit appears to be as a result of a substantial increase in staff costs. This investment is expected to start paying dividends in the current financial year.
For a further breakdown and analysis of the accounts, please click through to:
First National Invoice Finance Limited/ Factors’ Details and Analysis