PRA Group says is on track to achieve operational targets for FY24
The Fly

PRA Group says is on track to achieve operational targets for FY24

The company said, “The Company is on track to achieve the following financial and operational targets for FY24: Strong portfolio investment levels; Double-digit cash collections growth; ~60% cash efficiency ratio; 8%+ return on average tangible equity, up from 6%-8% previously. In addition, the Company announces the following financial and operational targets for full year 2025: Portfolio investment levels to exceed $1.0B; Cash collections growth of 8%-10%; 60%+ cash efficiency ratio; Double-digit return on average tangible equity.”

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