Credit Corp Group Limited (Credit Corp) reports the following highlights for the 2018 fiscal year:
• 17% increase in Net Profit after Tax (NPAT) to $64.3 million;
• 30% growth in Australia/New Zealand consumer lending business NPAT;
• Inaugural full year profit from the US debt buying operation; and
• Continued NPAT and collections growth from the Australian/New Zealand debt buying operation.
Mr Thomas Beregi, CEO of Credit Corp, said the result reflected the successful diversification of the company over the last five years, with almost 30% of 2018 earnings derived from the organically developed consumer lending and US debt buying businesses. “Both segments have the potential for substantial growth and the US, in particular, could grow to become as large as the Australian/New Zealand debt buying operation in the medium term” he said.
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