LONDON (ShareCast) - (Sharecast News) - Shares in International Personal Finance rallied on Friday after the doorstep lender said 2018 profit is expected to come in ahead of current consensus.
In a very brief update, the company said trading in the first six months of the current financial year has been in line with plan, with credit issued growth in Mexico home credit and IPF Digital and a modest contraction in European home credit.

IPF said portfolio quality remains within its target range and as a result of stronger-than-expected post-field collections in its European home credit businesses, it now expects to exceed the current 2018 pre-tax profit consensus of £99.4m by around 10%.

The group's expectations for 2019 remain broadly in line with current consensus.

At 0905 BST, the shares were up 4.8% to 208.60p.

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