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248.00 0.00 (0.00%)

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Spread: 2.00 (0.806%)

Market Cap: £550.89m

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IPF enjoys buoyant Easter

Wed, 11th May 2011 14:46

The chairman of International Personal Finance (IPF), Christopher Rodrigues, has told the company's annual general meeting that the firm enjoyed strong sales over the Easter period.Back in April the emerging markets lender said it saw a four fold increase in pre-tax during the first quarter after a bumper performance in Poland and as it reduced impairment charges.IPF, which has operations in Czech Republic, Hungary, Poland and Mexico, continues to perform well and in line with management expectations, the firm said in a statement."During the important Easter trading period we have delivered a strong sales performance with growth in credit issued increased from 9% for the first quarter of 2011 to almost 13% for the four months to the end of April, including a much improved performance in Mexico," Rodrigues said.He confirmed that alongside the strong sales performance, credit quality and impairment remained good and the group remained confident of further progress in 2011. The interim results for IPF will be published on Wednesday 20 July 2011. ---mm