IPF in £25m share buy-back
24th July 2012
INTERNATIONAL Personal Finance has increased its interim dividend by 7.5% and launched a £25m share buy-back programme.
The company said the goal of the buy-back was to show its commitment to "working the balance sheet harder" by cutting its equity-to-receivables ratio from 59% to 55%.
IPF grew its custumer base by 167,000 in the first half of the year but saw underlying pre-tax profits fall from £35.7m to £31.4m as revenues fell from £326.7m to £316m.
Chief executive Gerard Ryan ......for the full story register now for free or login below...
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