BBC News - Wonga profits triple on strong loan demand
Money lender Wonga has announced a sharp jump in profits, thanks to strong demand for credit during the downturn.
Net profit more than trebled to £45.8m in 2011, from £12.4m in 2010. Revenue grew at a similar rate, to £185m.
The number of loans made by the company quadrupled to almost 2.5 million, taking the total number of loans made since launch in 2007 to six million.
Now there's a plan b
Money lender Wonga has announced a sharp jump in profits, thanks to strong demand for credit during the downturn.
Net profit more than trebled to £45.8m in 2011, from £12.4m in 2010. Revenue grew at a similar rate, to £185m.
The number of loans made by the company quadrupled to almost 2.5 million, taking the total number of loans made since launch in 2007 to six million.
Now there's a plan b
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