1pm plc provided earnings guidance for the full year ended May 31, 2020. Revenue for the year expected to be £29.1 million (fiscal year 2019: £31.8 million) of which approximately 80% is from lending activities and 20% from broking activities. PBTE for the year expected to be approximately £3.0 million (fiscal year 2019: £8.1 million), stated after a 'one-off' increase in the bad debt provision of £2.1 million recorded in the fourth quarter of the financial year to mitigate any potential bad debts that may arise in the future from the impact of COVID-19.