Directors of Dolla Financial Limited are reporting profit before taxation of $572.7 million on total income of $1.6 billion and net interest income or income after interest expenses of $1.22 billion during the nine-month period which ended on September 30 this year.
These profits were recorded after the deduction of $557 million for operating expenses.
The company says these profits were higher than the $441.8 million generated during the same period last year, although its interest on operating expenses were 76 per cent and 30 per cent higher than last year, due to higher interest income and lower credit losses over last year.
The company says its loan portfolio jumped by 30 per cent to $5.94 billion this year after provision for loan losses.
Meanwhile, its total assets also surged by 35 per cent to $6.5 billion.
Its cash and cash equivalents ballooned by 945 per cent to $173 million. Its total debt rose by 29 per cent to $4.1 billion.
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