LONDON (Thomson Financial) - Consumer finance group Cattles Plc. said it has
seen a "strong" start to the year, with its first-quarter trading in line with
its expectations, and added that it views its full-year prospects with
confidence.
In a statement ahead of its AGM, Cattles said it continues to progress its
2008 debt funding and has obtained a total of 200 million pounds net new bank
facilities in two tranches in the year-to-date.
The company said it is confident of obtaining the remaining 100 million
pounds of new debt funding which it requires to finance its 2008 business
targets.
Cattles also said that its credit quality is in line with expectations as
its loan loss ratio has remained stable at 8 percent.
TFN.newsdesk@thomson.com
kal/ajb
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