Collection House Ltd
(ASX:CLH), a receivables management company, has released its full-year results. Basically, it’s FY16 results weren’t as good as its FY15 results.
The company says last financial year was a challenging one. Its net profit after tax was $18.6 million – down 17.3% from FY15. The company says this was due to one-off costs from restructuring and relocating its head office in Queensland.
Earnings per share also went down. Last financial year it was 14 cents, but in FY15, it was higher at 17.2 cents per share.
Collection House declared a dividend of 7.8 cents per share last financial year. However, the FY15 dividend was also higher at 9.1 cents per share.
The company says its focus in FY17 is stabilsing its core collections business through productivity and efficiency initiatives, growing its existing business and creating new subsidiaries.
