BRIEF-International Personal Finance H1 underlying profit before tax falls

jueves 28 de julio de 2016 03:19 GYT
 

July 28 (Reuters) - International Personal Finance Plc :

* Group impairment as a percentage of revenue in target range at 25.9 pct

* Strong growth momentum delivered by Southern Europe

* New product offering introduced in Poland to comply with new regulations - no change in guidance on expected financial impact

* Good progress in slovakia - collections progressing ahead of expectations

* During first half of year, group profit before tax and exceptional items was 12.6 m stg lower than 2015 at 30.7 mln stg

* Competition in our european markets remains intense and there has been little change in Polish market dynamics following introduction of new total cost of credit legislation in March 2016

* Our home credit business delivered profit before tax of 42.7 mln stg in first half of 2016 which comprised 45.2 mln stg from our on-going businesses and a loss of £2.5m in slovakia

* Interim dividend 4.6 penceper share   Continuación...