Despite closing 154 stores prior to Hurrican Ike, EZCorp grey profits 44% to $16,031,000 for the quarter ending September 30, 2008. Included in the results for the quarter is the impact of a previously under utilized foreign tax credit for $3.1M.
“In addition to completing these two acquisitions, we plan to open 30 to 35 EZMONEY locations in the U.S. and 30 to 35 Empeno Facil locations in Mexico. In Canada we will continue to monitor the regulatory process in each province and enter provinces that adopt acceptable payday loan regulations.”
From the sounds of it, these locations will focus more on Pawn and selling merchandise.
