Portfolio Recovery Posts Rise in Revenue, Income and Collections in Q2

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Portfolio Recovery Posts Rise in Revenue, Income and Collections in Q2
Debt buying giant Portfolio Recovery Associates (Nasdaq: PRAA) last Wednesday announced financial for the second quarter of 2009 marked by increases in cash collections, revenue and net income.Norfolk, Va.-based Portfolio Recovery Associates, Inc. (PRA) said that net income for the April-June quarter was $11.7 million -- or $0.76 per share –- up 3 percent from the same period in 2008.Analyst
 
Topic: Debt Purchasing