OREANDA-NEWS. In reporting period from January 1, 2015 to June 30, 2015 consolidated turnover of SIA VIA SMS Group and its subsidiaries was EUR 6.3 million. Profit before interest, tax, depreciation and amortization was EUR 1.8 million, net profit after tax was EUR 1.1 million and net credit portfolio at the end of reporting period was EUR 8.3 million.

Net profit growth of 11% (compared with the same period last year) has been achieved thanks to the long-term stabilization of economic activity, cost optimization and improve the quality of the loan portfolio.

Net loan portfolio as per June 30, 2015 has increased for 4% (compared with net loan portfolio as of 31.12.2014.) Loan portfolio growth is achieved thanks to the Polish subsidiary`s loan portfolio growth.

At the end of April 2015 VIA SMS Group resumed operations in Spain by establishing of 100% subsidiary  ViaConto Minicredit SL. Such a move has been planned already in 2014 when it was decided to sell 35% of VIA SMS MiniCredit S.L. shares owed by VIA SMS Group.

Unaudited Interim Consolidated and Separate Financial Statements for the period from 1 January 2015 to 30 June 2015 includes data for ViaConto Minicredit S.L.

In December, 2014 SIA VIA SMS Group increased its share capital by EUR 800,156. At of June 30, 2015 total equity was EUR 1,261,223

 

Profit and Loss Statement

  Year 2015
6 months
EUR		 Year 2014
6 months
EUR
Net turnover 6 332 484 6 413 370
Operating costs (1 584 093) (1 795 738)
Impairment allowances (1 661 982) (1 868 698)
Gross profit/ (loss) 3 086 409 2 748 934
Selling expenses (marketing) (769 025) (608 726)
Operating profit (loss) 2 317 384 2 140 208
Administrative expenses (775 632) (711 980)
Other operating expenses (215 478) (261 960)
Other operating income 102 800            321
Profit / (loss) before tax 1 429 074 1 166 589
Taxes (310 653) (157 686)
Net profit / (loss) for the period 1 118 421 1 008 903

 

Balance

    30.06.2015.
EUR		 31.12.2014.
EUR
 Non-current assets  
   1 099 805		  
602 678
Property, plant and equipment 50 539 53 951
Intangible assets 412 169 472 666
Investments in leasehold improvements 16 619 17 230
Bonds 561 647  
Investments in subsidiaries and associates - -
Deferred tax             58 831 58 831
Current assets 10 701 779 9 705 229
Loans and trade receivables 8 308 209 8 026 587
Other receivables 564 021 1 104 368
Prepaid expenses 30 960 35 856
Cash and cash equivalents 1 798 589 538 418
Total assets 11 801 584 10 307 907
 
 		    
Equity 1 261 223 207 804
Share capital 803 000 803 000
Foreign currency translation reserve 58 178 77 752
Revaluation reserve 408 833 454 261
Retained earnings / (accumulated loss) (8 788) (1 127 209)
 Current liabilities  
4 240 361		  
6 100 103
Borrowings 79 625 50 556
Trade payables 2 041 075 4 209 425
Other liabilities 1 235 647 1 123 815
CIT payable 170 490 122 907
Accrued liabilities 124 280 51 726
Deferred income 251 965 250 065
Bank credit facility 337 288 291 609
Current liabilities - -
Non-current liabilities 6 300 000 4 000 000
Bonds 6 000 000 4 000 000
Borrowings - -
Total liabilities 10 540 361 10 100 103
Total equity and liabilities 11 801 584 10 307 907

SIA VIA SMS Group

SIA VIA SMS group is the second largest online lender in Eastern Europe, providing loans without collateral to individuals since the year 2009. It operates under the brand names VIA SMS, VIA CREDIT and VIA CONTO, and offers loans for up to 12 months in Latvia, Lithuania, Czech Republic, Poland, Sweden and Spain. VIA SMS Group has more than 620 000 registered clients and total amount of annually issued loans has reached EUR 50 million.