News releases
19 May 2008
Interim Management Statement
International Personal Finance plc
Further re Interim Management Statement
On 14 May 2008, the Board of International Personal Finance plc ('IPF') issued an Interim Management Statement and, within that, noted that the Group was benefiting from favourable exchange rates. The purpose of this announcement is to confirm that we have now put foreign exchange hedging in place to cover 90% of our forecast Central European profits for the remainder of the year, with the result that the effective exchange rates used for the translation of 2008 profits will be approximately 20% more favourable than those used in 2007.
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