MCB Finance : Unaudited Results for the Period Ending 31 March 2014

MCB Finance Group plc (AIM: MCRB.L) ("MCB", the "Group" or the "Company"), which provides consumer finance solutions to retail customers in Finland, Estonia, Latvia, Lithuania and Australia, today announces its unaudited results for the three month period ending 31 March 2014.

Financial Highlights

• Consolidated Loan Principal Issued increased by 1.2% to €23.0m in Q1 2014 compared to the previous quarter (Q4 2013: €22.7m), and decreased by 6.3% compared to the prior year period (Q1 2013: €24.5m);
• Consolidated Revenue grew by 0.9% to €8.4m in Q1 2014 (Q4 2013: €8.3m), an increase of 6.8% over the prior year period (Q1 2013: €7.8m);
• Consolidated Impairment Costs were 19.0% of Revenue for Q1 2014 (Q4 2013: 18.8%; Q1 2013: 26.0%), reflecting strong overall credit and collection performance in the first quarter;
• Operating Profit from the Established Markets Business was €2.2m for Q1 2014, up 6.2% on the prior year period (Q1 2013: €2.0m);
• Pro Forma Profit Before Tax from the Established Markets Business was €0.4m for Q1 2014 (Q4 2013: €0.9m), after deducting Financing Costs of €1.8m (Q1 2013: €1.2m);
• Group Pro Forma Loss After Tax for Q1 2014 was €0.2m (Q1 2013: Loss of €0.3m), after €0.5m operating losses from New Businesses (Q1 2013: €0.9m loss) and before unrealised foreign exchange gains on borrowings, translation differences and other non-cash items;
• Group Net Income for Q1 2014 was €0.1m (Q1 2013: Loss of €1.0m).

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