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BRIEF-International Personal Finance FY pretax profit rises
4.6 pct
Feb 25 (Reuters) - International Personal Finance Plc
* Total dividend up 29 percent to 12 pence per share
* Final dividend 7.8 pence per share
* Profit before tax and exceptional items increased 5 pct to 123.5 million pounds
* Strong underlying growth of 25.4 million pounds (21.5 pct) in profit before tax and exceptional
items offset by additional new business investment of 9 million pounds
* Impairment as a percentage of revenue in target range at 28.1 pct
* Year-On-Year customer numbers and credit issued grew 2 pct and 5 pct respectively
* Revenue for year increased by 13 pct
* Growth in last weeks of year below expectations
* Proposed full year dividend increase of 29 pct to 12.0 pence per share
* Customers (000s) 2,640 versus 2,578 2.4 pct
* Believe that business is well placed to make good progress in 2015- CEO
* On track to deliver our first loans to customers in Q2 once we have received authorisation from
bank of spain to trade as a financial credit entity
* We expect spain to support a customer base of more than 400,000 at maturity
* In Poland, there has been no update on outstanding regulatory issues since we reported our q3
interim management statement
* Continue to monitor developments in the eurozone and events in the Ukraine to assess the
potential impact that they may have on the macroeconomic environment in our Source text for
Eikon: Further company coverage:
http://www.reuters.com/article/2015/02/25/idUSASM00098H20150225

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BRIEF-International Personal Finance FY pretax profit rises 4.6 pct

  • 1. BRIEF-International Personal Finance FY pretax profit rises 4.6 pct Feb 25 (Reuters) - International Personal Finance Plc * Total dividend up 29 percent to 12 pence per share * Final dividend 7.8 pence per share * Profit before tax and exceptional items increased 5 pct to 123.5 million pounds * Strong underlying growth of 25.4 million pounds (21.5 pct) in profit before tax and exceptional items offset by additional new business investment of 9 million pounds * Impairment as a percentage of revenue in target range at 28.1 pct * Year-On-Year customer numbers and credit issued grew 2 pct and 5 pct respectively * Revenue for year increased by 13 pct * Growth in last weeks of year below expectations * Proposed full year dividend increase of 29 pct to 12.0 pence per share * Customers (000s) 2,640 versus 2,578 2.4 pct * Believe that business is well placed to make good progress in 2015- CEO * On track to deliver our first loans to customers in Q2 once we have received authorisation from bank of spain to trade as a financial credit entity * We expect spain to support a customer base of more than 400,000 at maturity * In Poland, there has been no update on outstanding regulatory issues since we reported our q3 interim management statement * Continue to monitor developments in the eurozone and events in the Ukraine to assess the potential impact that they may have on the macroeconomic environment in our Source text for Eikon: Further company coverage: