Intl Personal Finance posts record profit

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Emerging markets lender International Personal Finance posted record annual profit as customer numbers grew and said it was confident of more progress despite the current economic uncertainty.

The Leeds-based firm, which mainly operates in central and eastern Europe as well as Mexico, said pre-tax profit for the year ended December 2011 rose by nine per cent from last year to £100.5m.

Chairman Christopher Rodrigues said: “Whilst the economic background continues to be uncertain, we have good prospects for growth and are confident that the business will continue to perform well.”

IPF proposed a full-year dividend of 7.1 pence, up 13 per cent from a year ago.