Profireal Group earned CZK 100 million in the first half-year

Pardubice 28. 8. 2008. Measured by the international accounting standards, the financial group Profireal Group recorded a consolidated after-tax profit of CZK 100 million in the first half of the year 2008. „We have managed to maintain the same growth rate we experienced in the course of the previous year, which we were closing with a profit representing CZK 150 million“, David Chour, Chairman of the Profireal Group SE Board, dwelt upon the profit figures.

This positive result has been contributed to especially by the rising revenues of the financial group as a whole. In the first half of the year 2008, Profireal Group has reached a total revenue of CZK 977 million, which represents an almost 25% growth compared to the same period of the year 2007. Profireal Group reported a total revenue amounting to CZK 1.7 billion for the full year 2007.

Division PROFI CREDIT, which operates in the Czech Republic, Slovakia, Poland, Bulgaria and Romania, has provided its clients with credits at a total nominal value of CZK 1.82 billion in the first half of the year 2008. „Our company PROFI CREDIT based in Bulgaria has performed exceedingly well, providing its clients with the same volume of credits in this first half-year alone as in the whole of the preceding year 2007“, added David Chour.

At the end of the 1st half-year, division PROFIDEBT was managing outstanding debts at a nominal value of almost CZK 2.4 billion. In the Czech Republic, PROFIDEBT cleared a 2 billion bar towards the end of the 1st half-year and it has so ranked amongst the biggest companies operating in the Czech market.

Profireal Group is a multinational financial group that operates in five countries. Its division PROFI CREDIT deals with providing credits both to the private persons and to the entrepreneurs, while the division PROFIDEBT deals with the retail claims business. Among the most important customers of the division PROFIDEBT are big financial companies, such as GE Money Bank, Živnostenská banka (Trades Bank), Tatrabanka, Raiffeisenbank or Pozemkový fond ČR (Czech Land Fund).