BBC News - Wonga sees profits more than halve
Profits at payday lender Wonga have fallen by more than half, the company has announced.
In the year to the end of December 2013, profits fell by 53% to £39.7m.
The company blamed "remediation costs" - money it had to pay back to customers as a result of its own mistakes.
It also says it expects to be "smaller and less profitable" in future, in part due to new controls set by the regulator, the Financial Conduct Authority (FCA).
In the year to the end of December 2013, profits fell by 53% to £39.7m.
The company blamed "remediation costs" - money it had to pay back to customers as a result of its own mistakes.
It also says it expects to be "smaller and less profitable" in future, in part due to new controls set by the regulator, the Financial Conduct Authority (FCA).
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