Business Wire (October 30, 2008)
Financial report
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Dollar Financial Corp Announces Record Results.
Record Revenue of $153.1 Million and Adjusted EBITDA of $39.5 Million Driven by Growth in All Geographic Markets
BERWYN, Pa. -- Dollar Financial Corp (NASDAQ:DLLR), a leading international financial services company serving under-banked consumers, today announced its results for the fiscal first quarter ended September 30, 2008. Fiscal 2009 first quarter highlights: * Consolidated total revenue was a record $153.1 million, an increase of 17.0% or $22.2 million compared to the prior year period. * The consolidated loan loss provision, as a percentage of gross consumer lending revenue, improved to 18.7% compared to 21.6% for the fiscal 2008 first quarter. * Store and regional margin was a record $53.8 million, an increase of 15.0% or $7.0 million compared to the prior year period. * Consolidated Adjusted EBITDA was $39.5 million, an increase of 17.1% or $5.8 million compared to the previous year's quarter. * Income before income taxes, which includes $5.4 million of severance and store closing costs and other one-time charges primarily related to the previously announced store rationalization program, was $18.6 million compared to $20.5 million for the prior year...Try vLex for FREE for 3 days
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