Credit Corp Group Limited (Credit Corp) reports the following highlights for the first half of the 2018 fiscal year:
• 18 per cent increase in first half Net Profit after Tax (NPAT) to $29.8 million
• Australia/New Zealand lending business on track for 30% earnings growth in 2018
• US debt buying operation is profitable and will achieve a full year turnaround of up to $3 million
• Solid core Australia/New Zealand debt buying earnings and collections growth.
While much of the profit growth was attributable to the fast-growing consumer lending division and the turnaround to profitability in the US, the core Australian and New Zealand debt buying operation also grew earnings.
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