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Egg promises profitability despite loss increase

Internet bank Egg increased losses to £155.3m last year but has insisted that it will break even in the last three months 2001.

By Sonya Rabbitte on 19 February 2001 11:32

NEWS Fourth quarter financial results released today show a jump on last year's loss of £149.7m, but according to the company the results are in line with expectations, and stem from investment in new insurance and investment products. Despite the poor financial showing, customer figures for the year increased 70 per cent to 1.35 million people.

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