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Article: EZCorp. Payday Firm: Profit Gains Top 20%.(Financial report)(Brief article)
- Article from:
- American Banker
- Article date:
- November 12, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EZCorp. Inc., an Austin payday lender and pawnshop operator, said that earnings for its fiscal fourth quarter and full year rose by more than 20%.
In the quarter that ended Sept. 30, the company's earnings were up 22% from a year earlier, to about $11.1 million, or 26 cents a share, it said last week. Revenue for the quarter gained 19%, to $103.9 million.
Earnings for the full fiscal year rose 29%, to $37.9 million, and revenue jumped 18%, to $372.2 million.
Joe Rotunda, EZCorp.'s president and chief executive, said in a press release that the company had "exceptionally strong performance" in its pawn and loan businesses.
"Our pawn ...