San Diego-based Encore Capital Group reported that fourth quarter revenues increased 46% and that net income rose 48%, compared to one year ago. Encore is a purchaser and manager of charged-off consumer receivables portfolios. Gross collections for 4Q/04 were $53.4 million, a 12% increase over the same period of the prior year. Encore says it was able to achieve strong growth despite scaling back its purchasing of new portfolios throughout much of 2004 due to to less attractive pricing in the marketplace. Total purchases during 2004 were $103.4 million compared to $89.8 million in 2003. The Company spent $46.1 million to purchase approximately $1.2 billion in face value of portfolios during the fourth quarter of 2004, a blended purchase price of 3.86% of face value. About 96% of the portfolios purchased in the fourth quarter of 2004 were credit card receivables. For complete details on Encore’s fourth quarter performance, visit CardData ([www.carddata.com]).