Emerging markets lender sees rise in revenues

INTERNATIONAL Personal Finance reported a 9 per cent increase in revenues in strong third quarter trading.

By The Newsroom

Published 17th Oct 2012, 09:59 BST

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.

Gerard 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.”

IPF operates in countries such as Poland, Slovakia, Hungary and Mexico.

Shares were up 1.4 per cent this morning.