Media Releases › Collection House

Collection House Limited (ASX:CLH) is pleased to release 1H19 results in line with expectations, and maintains full year guidance.

Total revenue for the Group was $66.0 million, an increase of 4% compared to the six months to 31 December 2017. The consolidated Net Profit After Tax (NPAT) was up 3% at $8.5 million for the 6 months to 31 December 2018 (31 December 2017: $8.2 million).

1H19 Highlights:

• Revenue $66.0 million, up 4% on pcp
• $8.5 million Equity Investment in Volt Corporation Ltd (Volt), the holding company of Australia’s digital bank, Volt Bank Ltd (Volt Bank)
• Acquisition of New Zealand-based Receivables Management (NZ) Limited (RML) for a total cash consideration of NZ$14.1m (approx. A$13.4m)
• Net Profit After Tax (NPAT) $8.5 million, up 3% on pcp
• Underlying Net Profit After Tax (NPAT) $8.7 million, up 2% on pcp
• Earnings Per Share 6.2cps, flat on pcp
• Dividend Per Share 4.1cps,
• Dividend Reinvestment Plan (DRP) at 2.5% discount
• FY19 Earnings Per Share guidance maintained at 19.2 – 19.5cps, or 15.2 – 15.5cps excluding PEP transactions