for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BRIEF-Home Capital Group says "going concern uncertainty resolved"

Aug 2 (Reuters) - Home Capital Group Inc:

* Home Capital updates outlook for 2017 and reports second quarter 2017 results

* Says “going concern uncertainty resolved”

* Home Capital-Management concluded there is no longer material uncertainty that casts significant doubt as to ability of co to continue as going concern

* Says q2 loss per share $1.73

* Qtrly total loans under administration were $25.9 billion compared to $25.7 billion.

* Home Capital - incoming chief executive officer, along with management and board, will reassess business plans, set new strategic goals and objectives

* Qtrly net interest loss $3.4 million versus net interest income of $122.1 million last year

* Says search for a chief financial officer is nearing completion

* Says repaid all outstanding amounts under Berkshire credit facility subsequent to end of Q2 Source text for Eikon: Further company coverage:

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up