Lloyds' underlying profit more than doubles


Lloyds (LYG) 2013 underlying profit jumped to £6.17B from £2.565B a year earlier.

Statutory profit £415M vs a loss of £606M a year earlier.

Net loss dropped to £802M from £1.39B in 2012.

Net interest margin +5%.

As Lloyds flagged earlier this month, it took Q4 provisions of £1.93B for mis-sold payment-protection insurance and other products. (PR) 

This was corrected on 02/13/2014 at 03:23 AM.
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