Pioneer Credit
(ASX:PNC) has announced it has contracted 100 per cent of its forecast customer portfolio investments for FY2018.
The investment portfolio totals $70 million.
The company said its FY2018 earnings are expected to increase by 48 per cent on the previous year with net profit after tax forecast to hit $16 million.
The financial institution now has a facility limit of $120 million.
The company said it will continue to fund its customer portfolio investments through a mix of free cash and debt, targeted to not exceed 50 per cent of the written down carrying value of the portfolio.
Shares in Pioneer Credit
(ASX:PNC) are trading up 3.53 per cent higher to $2.64.
