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International personal finance increases its 2014 interim dividend by 10.5%

Investment Tools Ltd.
International personal finance increases its 2014 interim dividend by 10.5%

Delivering profitable growth

 

 

 

Profit before tax and exceptional items increased 11% to £47.1M - a record half-year profit

 

 

Strong underlying growth in profit before tax and exceptional items of 32% (£13.5M) offset by new market investment of £4.8M and £3.9M from weaker FX rates

 

 

Effective credit quality management - impairment to revenue ratio in target range at 28.2%

   

Further improvement in cost-efficiency - cost-income ratio improved to 38.4%

   


 

Ø 

Top-line growth increased

 
   

7% increase in customer numbers

   

Credit issued growth of 13%

   

Strong increase in revenue of 17%

   


 

Ø 

Continuing geographic expansion in current markets delivering growth

 
   

Approaching national coverage in Lithuania and Bulgaria

 
   

Mexico City progressing well

 
       

Ø 

New market entry into Spain: trading planned early 2015

 
       

Ø 

Successful refinancing supports further returns to shareholders

 
   

Core Eurobond funding refinanced at half the rate of original 2010 issue

 
   

£50M share buyback progressing to reduce equity to receivables ratio to around 45%

 
   

Interim dividend increased by 10.5% to 4.2 pence per share

 
         

Companies mentioned

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