View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorized
September 28, 2009updated 12 Apr 2017 4:32pm

VUB Leasing posts ?5m loss in first half of 2009

Slovenian lessor VUB Leasing posted a loss of 5 million in the first half of 2009, compared with a profit of 1.4 million in the same period last year.

By Jason T

Slovenian lessor VUB Leasing posted a loss of €5 million in the first half of 2009, compared with a profit of €1.4 million in the same period last year.

VUB Leasing said that it had not reached the planned volume of deals, which had a direct impact on revenue; but that it was hopeful that it would fulfil its business plan in the next six months.

The lessor signed new contracts worth €44.5 million, around half of what it signed in the same period last year.

Of this new business, financial leasing fell particularly strongly, by 63 percent, to €26.3 million. This was especially felt in vehicle, machine and equipment financing, VUB Leasing said.

Jason T Hesse 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life