LONDON (Thomson Financial) - Accuma Group PLC said it experienced difficult
trading conditions in 2007 and expects to make a substantial loss for the 5
months ended Dec 31, 2007, its new financial year end.
The debt advice group said its consumer loan broking division was impacted
by the credit crunch in second half.
For the 5 months to Dec 31, the company said it expects EBITDA loss of 2.7
mln stg which includes exceptional costs and overheads.
Its debt management division has had a good start to the year, Accuma said,
adding the group's position has improved immensely for the year-ahead after the
restructuring.
TFN.newsdesk@thomson.com
ukn/lam
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