Pioneer Credit record full year result

Company News

by Lee Brooks

Pioneer Credit Limited (ASX:PNC)has delivered a record full year result with a 21 per cent rise in net profit.

Net revenue was up 24 per cent to $47.8 million while earnings per share jumped 24 per cent.

The financial services company says the strong full year result has been driven by a strategy of acquiring prime credit customers and transitioning them to the

Pioneer brand along with the conservative approach to capital deployment.

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