UPDATE 2-Polish growth boosts UK's International Personal Finance

miércoles 30 de abril de 2014 05:48 GYT
 

* Announces share buyback of 50 million pounds

* First-quarter underlying pretax profit 12.7 mln stg

* Revenue rises 9.7 pct to 194.9 mln stg

* Shares rise to their highest levels this year (Adds CEO and analyst comments, updates shares)

By Noor Zainab Hussain

April 30 (Reuters) - International Personal Finance Plc , which makes small personal loans to customers in eastern Europe and Mexico, posted a near 40 percent jump in quarterly profit, driven by increased lending in Poland and Lithuania.

The company, which services customers with questionable or no bank records through its 30,000 agents, also said it would buy back shares worth about 50 million pounds.

The company's shares rose as much as 6 percent to their highest this year, ranking the stock among the top percentage gainers on the FTSE-250 Midcap Index.

The buyback was the highlight of the company's statement, reflecting a lowering of financing costs, Peel Hunt analyst Stuart Duncan said in a note.   Continuación...