4finance Reports 2016 Net Profit of 63.2mn Euros

Online lender 4finance has reported its earnings for 2016 with an increase in revenue and net income; revenue increased 24% in 2016 to 393.2 million euros ($413.35 million); it reported another year of net profit with net income increasing to 63.2 million euros ($66.4 million), up from 58.2 million euros ($61.2 million) in 2015; in 2016 the company’s net loan portfolio was 493.9 million euros ($519.21 million) and the average interest rate on its loans was 120%.  Source