Int'l Personal Finance's annual pre-tax profit rise on growth in Poland and Lithuania

25th Feb 2015 08:56

Home credit business provider International Personal Finance posted a 4.6% increase in full year pre-tax profit, driven by strong growth in Poland and Lithuania.The group, which provides small personal loans to over 2.5m borrowers in Eastern Europe and Mexico, said its pre-tax profit before exceptional items rose from £118.1m to £123.5m in the year ended 31 December.Revenue grew 4.9% to £783m, while the number of customers and credit issued grew 2% and 5% respectively, though the group said growth in the first months of 2015 had been slower than expected.International Personal Finance shares were down 1.20% to 461.80p at 09:23 on Wednesday.