Portfolio Recovery Associates, Inc., a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, today reported net income of $11.4 million, or $0.71 per diluted share, for the quarter ended December 31, 2006.
The Company’s fourth-quarter 2006 earnings represent growth of 21% from net income of $9.4 million, or $0.58 per diluted share, in the same period a year earlier.
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