Current Report No. 2/2020: Expenditure on and recoveries from debt portfolios; preliminary estimate of KRUK Group’s net profit for 2019
In line with the adopted disclosure policy, KRUK S.A. (KRUK, the Company) discloses the amount of expenditure on and recoveries from the management of debt portfolios purchased by the KRUK Group.
Q4 2019
|
The nominal value of debt purchased by the Group |
||
|
Q4 2019 |
Q4 2018 |
change |
|
PLN 4.252m |
PLN 2.612m |
+63% |
|
The expenditure on debt portfolios purchased by the Group |
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|
Q4 2019 |
Q4 2018 |
change |
|
PLN 389m |
PLN 341m |
+14% |
|
The recoveries from the management of purchased portfolios purchased by the Group |
||
|
Q4 2019 |
Q4 2018 |
change |
|
PLN 475m |
PLN 432m |
+10% |
Y 2019
|
The nominal value of debt purchased by the Group |
||
|
Y 2019 |
Y 2018 |
change |
|
PLN 8.274m |
PLN 8.853m |
-7% |
|
The expenditure on debt portfolios purchased by the Group |
||
|
Y 2019 |
Y 2018 |
change |
|
PLN 781m |
PLN 1.395m |
-44% |
|
The recoveries from the management of purchased portfolios purchased by the Group |
||
|
Y 2019 |
Y 2018 |
change |
|
PLN 1.782m |
PLN 1.576m |
+13% |
At the same time, as the Company was notified on January 10th 2020 of the preliminary estimate of the KRUK Group’s net profit for 2019, the Company decided to publicly announce it.
The initial estimate of the KRUK Group’s consolidated net profit for 2019 is PLN 304m.
The net profit figure is subject to change.
The finally determined financial results will be disclosed in the audited consolidated annual report of the KRUK Group for 2019, scheduled for issue on March 5th 2020.