Highlights 2nd quarter in 2008 (2nd quarter in 2007)
- Payments from portfolios amounted to NOK 489.8 million (503.7), a decrease of 2.8% compared to the 2nd quarter of 2007
- Total operating revenue amounted to NOK 392.7 million (400.6)
- EBITDA amounted to NOK 350.3 million (374.0)
- Profit before tax amounted to NOK 119.9 million (160.1)
- Pre-tax cash flow per share amounted to NOK 6.87 (7.61)
- Total portfolio acquisitions amounted to NOK 329.4 million (165.3)
Comments on Portfolios
Total cash collections on portfolios in the 2nd quarter of 2008 amounted to NOK 489.8 million (NOK 503.7 million), which is a decrease of 2.8% compared to the 2nd quarter of 2007. Cash collection on portfolios during the 1st half of 2008 amounted to NOK 979.6 million (NOK 1 000.6 million).
Operating revenue from the portfolio segment amounted to NOK 293.8 million (NOK 311.4 million), while operating profit amounted to NOK 136.2 million (NOK 172.1 million), a decrease of NOK 35.8 million compared to the 2nd quarter of 2007.
Comments on Debt collection
Operating revenue amounted to NOK 70.0 million (NOK 63.8 million) in the 2nd quarter of 2008. The 1st half year revenue amounted to NOK 127.6 million (NOK 129.1 million).
The operating profit amounted to NOK 16.3 million (NOK 16.9 million), a decrease of 3.5% compared to the 2nd quarter of 2007.