Dollar Financial Corp Announces Record Fiscal 2009 Results.
Business Wire › August 27, 2009
Linked as:
Extract
Dollar Financial Corp Announces Record Fiscal 2009 Results.
Company Achieves Record Fiscal Year Revenue and Adjusted EBITDA on a Constant Currency Basis; Strategic Global Acquisitions Position the Company for Sustained Long-Term Earnings Growth
BERWYN, Pa. -- Dollar Financial Corp (NASDAQ:DLLR - News), a leading international diversified financial services company serving unbanked and under-banked consumers, today announced its results for the fiscal fourth quarter and fiscal year ended June 30, 2009. Fiscal Year 2009 Financial Highlights * Total consolidated revenue for the fiscal year, which was impacted by the global recession and 114 U.S. financial services store closures during fiscal 2009, was $527.9 million, which on a constant currency basis equates to a record $595.1 million, representing a year-over-year increase of $22.9 million or 4.0%. * On a constant currency basis, total consumer lending revenue increased by $18.0 million or 6.2%, while check cashing revenue, driven by decreased check volumes and a lower average face amount of checks cashed as a result of the global recession, as well as the Company's conservative approach to cashing riskier checks amid the weakened economy, decreased by $12.9 million or 6.6%. * Money transfer fees increased by $3.0 million or 10.8% for the fiscal year on a constant currency basis, as a result of increased transaction volumes across all of the Company's geographic markets. * Other revenue was $70.4 million on a constant currency basis, representing a $14.8 million or 26.7...See the full content of this document
Sponsored links
