Collection House Limited
(ASX:CLH) has scored a new four-year receivables management outsourcing contract with St George Bank.
The receivables management company says the major deal covers the ongoing servicing of the St George secured retail portfolio.
The contract also includes the servicing of the secured retail portfolio acquired from Capital Finance (Australia) Limited.
Collection House expects the contract will continue to contribute to its results over the coming years.
Shares in Collection House closed at $2.35 prior to the announcement being made yesterday.
Collection House reported a net profit of $11.16 million in the first half of the 2015 financial year.
