7th Jun 2013 07:00
7 June 2013
INTERNATIONAL PERSONAL FINANCE PLC (IPF)
SALE OF DEBT
The IPF Group today announces it has contracted to sell two portfolios of impaired receivables originating from loans issued in Poland to ULTIMO Group, a leading Polish consumer debt management organisation. It is expected that the transaction will result in a non-recurring profit before taxation of approximately £16M, which will be accounted for as an exceptional item in the Group's income statement in the first half of the financial year ending 31 December 2013.
Investor relations and media contacts:
Media | |
John Mitra
| +44 (0) 113 285 6784 / +44 (0) 7739 702230
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Investor relations | |
Justin Lockwood
| +44 (0) 113 285 6798 / +44 (0) 7500 760035 |
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