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Debt collector and investor Arrow Global posts strong Q3
StockMarketWire.com
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Debt collections and investor Arrow Global said it 'performed well in Q3 2020' as it registered a return to profit and 'strong' balance sheet cash collections.
The company said 'discrete' profit after tax rose 15.8% to £9.1 million for the three months to 30 September, although the company plunged into the red at the headline level.
Arrow Global reported a huge post-tax loss of £101.3 million versus a £32.2 million post-tax profit for the quarter a year ago. The company said balance sheet cash collections were £260.9 million, down from £312.5 million a year ago.
At 9:51am: (LON:ARW) Arrow Global Group share price was +18.1p at 168.3p
Story provided by StockMarketWire.com
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