Emerging markets lender sees rise in revenues
INTERNATIONAL Personal Finance reported a 9 per cent increase in revenues in strong third quarter trading.
The Leeds-based emerging markets lender said customer numbers grew by 6 per cent while credit issued rose by 16 per cent.
Average net receivables were up 11 per cent.
IPF said pre-tax profit is in line with expectations at £27.3m.
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Hide AdGerard Ryan, chief executive, said: “We had a good third quarter and are pleased with the progress made.
“Our growth strategy is building momentum, we have a strong financial profile and we are on track to perform well in 2012.”
Shares were up 1.4 per cent this morning.