RE: Was a shareholder of MCB Finance11 Dec 2016 20:23
Half year results Profits are as follows;
Poland Lithuania - 21.3million
Czech republic - 8.2million
Southern Europe - 13.4million
Mexico - 2.3million
Total half year profits are - 45.2million
The changes will wipe about 30% of Poland Lithuania profits so they will be at about 14million so the profits will be about 38 million which is around 8.4% off the total profits, but that is not taking in to consideration other growing markets like Mexico and Southern Europe which I am sure they will make up some of the deficit.
I would understand the drop being so much if they said that they could no longer offer loans in Poland!