Q: Could you comment on PRL's earnings? Thanks
5i Research Answer:
Revenue of $152 mln missed estimates of $157 mln. Revenues grew 30%. EPS of $0.38 missed estimates of $0.47. ROE was at 24% and loans and receivables was at a record of $434 mln, up 31%. PRL also increased the dividend by 8%. PRL noted that they are taking their foot of the gas a little bit in terms of growth, given the macroeconomic backdrop but are maintinaing their outlook for revenue, but reducing their outlook for adjusted EBITDA margins and ROE. It wasn't the best quarter from PRL but the business continues to trend in the right direction overall and ROE remains healthy and we will see if management has any additional colour in the morning call.