IPF posts rise in third quarter profits

The Leeds-based company, which lends small cash sums to consumers in central Europe and Mexico, also expects to be in a good position to deliver further improvement in 2011 on stronger growth and good credit quality.

"Economic conditions continue to improve across the majority of our markets and we are now seeking stronger growth in the peak sales period in the final quarter of the year," it said.

For July to September, adjusted pre-tax profit was 24.4m. Revenue rose 10 per cent to 145.6m.

"During 2010 we have seen a return to economic growth, an improved economic outlook and improvements in consumer confidence in the markets in which we operate, with the exception of Romania where the position is weaker but stable," IPF said in a statement.