KRUK Group reports increase in profits

5 December 2012

The Polish debt collector KRUK Group, which includes the Romanian subsidiary KRUK International, reported a net profit of RON 24m (€5.2m) in the third quarter, a 67-percent increase from the previous year.

KRUK posted RON 60m (€13.2m) in profits for the first nine months of 2012. The company said that cash payments on debts it collected increased by 42 percent y-o-y to RON 366m (€80.6m) in the same period.

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