IOU Financial Inc. Releases Financial Results for the Three and Six Month Period Ended June 30, 2017
Principal balance of loan portfolio increased 20.2% compared to the same period last year to $42.9 million consistent with the Company’s strategy to retain more loans on its balance sheet. Gross revenue increased 27.0% to $8.7 million for the first half of 2017. Opex (excluding non-recurring costs) decreased 18.1% or $0.6 million for the quarter ended June 30, 2017 compared to the same […]