AS “mogo” (the Company) continues to see rapid growth of business in Latvia. The Company’s interest and similar income for the ten-month period ending on 31 October 2014 totaled EUR 4,602,750, increasing by 154% compared to the same period last year. The Company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 2,201,301 and net profit for the period was EUR 605,497.
AS “mogo” net lease portfolio reached EUR 20,096,836, increasing by 180% in comparison to 2013 year-end results. Customer receivables which were overdue more than 30 days constituted 8% of the net lease portfolio.
The Company’s issued share capital was increased to EUR 5,000,000 in September 2014.