|AIK: 1st quarter 2012 results|
|Wednesday, 09 May 2012|
Aktiv Kapital increased profitability in Q1 2012 driven by higher investments and solid collections performance on existing portfolios. The Group is continuing to deliver against key initiatives and achieved revenue growth while reducing operating expenses for the quarter.
Operating revenues were NOK 263.3 million (NOK 245.0 million) and operating profit NOK 128.7 million (NOK 102.9 million) in the 1st quarter of 2012. Cash collection on portfolios amounted to NOK 370.6 million in the 1st quarter (NOK 368.9 million) and the decay rate was 10.9% in the 1st quarter, up from 10.6% in the 4th quarter. Operating profit before depreciation and amortisation (EBITDA) amounted to NOK 241.9 million (NOK 234.8 million), while pre-tax cash flow per share was NOK 4.77 (NOK 4.73).
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