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OSB profit falls on impairment provisions; reinstates dividend

OSB profit falls on impairment provisions; reinstates dividend

(Reuters) - OSB Group reported a 9% drop in annual earnings, hit by an impairment provision of 20 million pounds ($27.52 million) related to a potential third-party fraud, although the specialist mortgage lender reinstated a final dividend. Underlying pretax profit fell to 346.2 million pounds in the 12 months to Dec...

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