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Collection House Announce FY19 results

Collection House Limited FY19 results

Collection House Limited (“the Company” or “the Group”) ASX Code: CLH, is pleased to release its financial results for the year ended 30 June 2019. Total revenue was $161.1 million up 12% on the previous corresponding period and consolidated Net Profit after Tax (“NPAT”) was up 18% to $30.7 million. A number of factors caused the business to deliver slightly lower than expected underlying cash results for the year. As expected, the impact of these factors has eased and the underlying cash performance since the start of FY20 has significantly improved.

Highlights

  • EPS 22.3 cents per share up 16%
  • 4.1 cents per share final dividend (fully franked) declared post year end and the dividend reinvestment plan remains in place providing shareholders with a 5% discount. Total FY19 dividend is 8.2 cps fully franked? Purchased Debt Ledger (“PDL”) acquisitions for the year $133 million driving 30% net growth in the PDL asset base aq
  • Sale of mature payment arrangements resulting in $25 million of accelerated cash flow and a net profit of $9.8 million under the Portfolio Enhancement Programme (“PEP”)
  • FY20 PDL cash collections guidance is in the range of $145 million to $155 million (based on FY20 run rate, excluding PEP) up 16% on FY19
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