GetBack net profit up by 66.5% y/y

WSE-bound debt collector GetBack had a PLN 200.3 million net profit last year, up by 66.5 percent y/y. Its revenues grew by 104.5 percent to PLN 422.7 million, company said in a market filing. The value of GetBack's receivables portfolio stood at PLN 19.4 billion at the end-2016, up 39 percent y/y. GetBack, owned by private equity funds, plans IPO, which could be one of the biggest of the year, potentially valued at several hundred PLN million. The company will also issue PLN 300 million bond tender soon, as its prospectus have been approved by the financial market regulator KNF.