resolved@ (Adds statement on ability to continue as going concern)
TORONTO, Aug 2 (Reuters) - Home Capital Group on Wednesday reported a bigger-than expected second-quarter loss but said issues that had raised uncertainty about its ability to continue as a going concern had been resolved.
Canada's biggest non-bank lender reported a loss of C$1.73 per share in the second quarter. Analysts had expected a loss per share of C$1.14 for the quarter, according to Thomson Reuters I/B/E/S data.
Home Capital secured an equity injection and a C$2 billion ($1.6 billion) line of credit from Warren Buffett's Berkshire Hathaway in June. Berkshire Hathaway currently holds a 20 percent stake in the business and will increase that to 38 percent if Home Capital shareholders approve an agreement for it to do so next month.
The company on Wednesday said its business plan and cash flow forecasts suggested that current liquidity and credit facilities were sufficient to support its ongoing business for the foreseeable future.
"Management has concluded that there is no longer material uncertainty that casts significant doubt as to the ability of the company to continue as a going concern," it said in a statement alongside the results. ($1 = 1.2573 Canadian dollars) (Reporting by Matt Scuffham; Editing by Tom Brown, Bernard Orr)