Wonga profits surge as customer numbers swell

Payday lender Wonga has reported surging profits as its number of customers swelled to more than one million.

  • Profits after tax rose 36% to £62.5 million during 2012 - the equivalent of more than £1 million a week.
  • Revenues surged 67% to £309.3 million.
  • The controversial online lender lent £1.2 billion in the year, a rise of 68%.

Read: Wonga boss claims company 'isn't about people on breadlines'

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Wonga profits up by 36%

Payday lender Wonga has reported surging profits of 36% to £62.5 million as its number of customers swelled to more than one million.