Trading Statement

RNS Number : 0875O

International Personal Finance Plc

23 June 2010

 



23 June 2010

International Personal Finance plc ("IPF")

Pre-Close Trading Update

IPF is continuing to make good progress. Credit issued is growing steadily and credit quality in all markets is good. As expected, second quarter performance is benefiting from the reversal of impairment charges taken during the weather-affected first quarter of the year and as a result trading in April, May, and for the year to date, has been ahead of plan.

There are two full weeks to complete before the half-year but trading in the first 3 weeks of June was in line with our expectations. We have seen no adverse impact as a result of the economic uncertainty that has followed from the Greek sovereign debt crisis and we are pleased with the continuing good progress in our Hungarian business. However, our credit controls remain cautiously set, particularly in Romania, where the impact of the government's reduction in public sector pay and pensions has yet to be felt.

The Company's half-yearly financial report will be published on Thursday, 22 July 2010 and will be accompanied by an analyst briefing.

For further information contact:

Finsbury                                               [phone]

Charles Watenphul

James Leviton

International Personal Finance plc

Helen Spivey (Investor Relations)          [phone]

Victoria Richmond (Media)                   [phone]

 

END

 

 

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