The fourth-quarter results were depressed by non-recurring charges. The updated business plan shows that the profitability will remain depressed by investments and legacy charges over the next three years, whereas the full profitability potential will not become visible before 2025 or 2026.
24 Feb 2022
Full profitability potential not visible before 2025
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Full profitability potential not visible before 2025
Lloyds Banking Group plc (LLOY:LON) | 51.5 -0.1 (-0.5%) | Mkt Cap: 32,635m
- Published:
24 Feb 2022 -
Author:
David Grinsztajn -
Pages:
2
The fourth-quarter results were depressed by non-recurring charges. The updated business plan shows that the profitability will remain depressed by investments and legacy charges over the next three years, whereas the full profitability potential will not become visible before 2025 or 2026.