As you may have noticed, the administration of ReProFinance has become very active lately and their newsletters concern different matters such as conferences, holidays, representatives and this time they want to inform about some figures of their business activities over the third quarter of 2011. According to provided information the turnover for the third quarter was $31.5 million dollars. Net profit was $ 3.6 million. The amount of the equity capital in the structure of the assets was 53%. Increment in profit was 24.5% compared to the second quarter of 2011.
There are 63 employees at the moment and representative offices in 5 countries were opened, however there is no information about that on the website, so it remains unknown where those offices were opened. Next part of the newsletter concerns the amount of the average deposit. In the third quarter of 2011 it was $1450 and thus increased by 18% compared to the second quarter. Also more than two thousand people have already completed their 90-day investment periods more than 4 times and received profit. And here is the adminâ€™s forecast regarding the last quarter of 2011:
â€œAccording to the estimates of company analysts in Q4 it is expected an increase in the average deposit amount, and growth of the turnover by 15-18% more. We can also expect an increase in the number of regional representative offices of RePro Finance worldwide and a rise in company profit resulted from pre-Christmas rally on forex market and stock exchanges.â€