FIMBank plc – Preliminary Statement of Annual Results for Financial Year ended 31 December 2015

FIMBank plc announced its preliminary statement of annual results for the year ended December 31, 2015. The bank reported a loss after tax of $7.1m up from the loss of $45.2m reported in 2014; the board of directors resolved not to recommend a dividend payment but will be recommending a 1 for 25 bonus issues of ordinary shares. The group incurred a number of non-recurring operating expenses that pushed operating costs higher. 

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