CORRECTED-UPDATE 2-IPF says regulatory woes persist; stock plunges

miércoles 24 de febrero de 2016 09:04 GYT

(Corrects revenue figure in 15th paragraph to 735.4 million pounds from 704.3 million)

Feb 24 (Reuters) - Consumer credit lender International Personal Finance Plc's full-year pretax profit edged past expectations as its digital unit and credit business in Mexico grew, but regulatory worries in eastern Europe pulled its shares down sharply.

IPF shares were down 13.3 percent at 229.9 pence by 0924 GMT, earning it the top spot among FTSE mid-cap percentage losers.

IPF Chief Executive Gerard Ryan reiterated an earlier warning that regulatory changes in Poland and Slovakia would hurt the company's profitability in 2016 and beyond.

However, he kept the company's earlier estimate for an impact from changes to Polish legislation at about 30 million pounds ($41.94 million).

The lender said in December it was evaluating alternative business models for Slovakia after the country amended its consumer legislation, which was expected to hit its business there.

IPF had warned in December it expected a hit to its Slovak business from the proposed consumer legislation amendments.

CEO Ryan said he was confident that the company would be able to achieve growth in home credit products and digital product offerings outlined earlier.

At least two analysts covering the company maintained a positive outlook about the company's future profitability and kept their "buy" rating on the stock.   Continuación...