NCO GROUP RELEASES QUARTERLY REPORT

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David A. Szwak
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Joined: Thu Jul 13, 2006 11:19 pm

NCO GROUP RELEASES QUARTERLY REPORT

Post by David A. Szwak »

NCO GROUP RELEASES QUARTERLY REPORT
NCO Group, a leading collections agency based in Fort Washington, Pa., reported that revenue jumped $26.8 million, or 21.1%, to $153.9 million for the three months ending Sept. 30, from $127.1 million for the same period in 1999. The bulk of the company's revenue for the period, $109.7 million, came from the Accounts Receivable Management Services unit. A/R Management also saw a $25.4 million, or 30.1% increase, in the third quarter compared with the third quarter 1999. The acquisition of Compass International Services Corp. on August 20, 1999 represented $5.4 million of the increase and $3.2 million of this increase was the result of the acquisition of Co-Source Corporation on May 21, 1999. The rest of the increase in the A/R Management division's revenue was a result of adding new clients, as well as a growth in business from existing clients. (12/18)

www.collectionsworld.com/cwarch00.htm
David Szwak
Chairman, Consumer Protection Section, Louisiana State Bar Association
Bodenheimer, Jones & Szwak
509 Market Street, 7th Floor
Mid South Tower
Shreveport, Louisiana 71101
318-221-6444
Fax 318-221-6555
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