NORFOLK, VA – Portfolio Recovery Associates, Inc. (NasdaqNM: PRAA), a company that purchases, collects and manages portfolios of defaulted consumer receivables, today reported net income of $7.7 million, or $0.48 per diluted share, for the quarter ended December 31, 2004.
The Company’s fourth-quarter 2004 earnings represent growth of 42% from net income of $5.4 million, or $0.35 per diluted share, in the fourth quarter of 2003.
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