Financial services company, Thorn Group Limited (ASX: TGA), today released its interim 2018 financial results.
The after tax loss of $(9.7)m includes the full write off of goodwill held on its balance sheet of $20.7m. The goodwill related to both Radio Rentals and Trade & Debtor Finance of $15.6m and $5.1m respectively.
Details of the reasons for this write off are included in the half year results announcement released today.
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