Credit Corp Group (ASX:CCP): FY18 H1 Results Presentation

Company Presentations

Credit Corp Group Limited (ASX:CCP) CEO Thomas Beregi presents the company's FY18 H1 results.

Leadership in sustainable financial solutions has created growth opportunities across different markets and increasingly diversified earnings, with 18% growth in H1 of FY18 despite reduced investment over the last 12 months. Aus/NZ PDL investment is 30% lower than FY17, while collections grow and operating metrics improve. Financial capacity is intact. Wallet Wizard is the most sustainable loan in the segment, resulting in continued growth in the consumer lending book, driven by continued growth in lending volume. Consumer lending projected FY18 returns are in line with target returns. US investment has increased as favourable conditions continue. Operating metrics are maintained as productive capacity grows. The US operation is now profitable. The company is positioned for growth into FY19 and beyond.

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