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Credit Corp, 2018 AGM Chairman's Address

Credit Corp continued its record of consistently strong performance in 2018, posting a 17 per cent increase in net profit for the year, our tenth consecutive year of growth.

Over the last three years we have averaged 19 per cent compound growth in earnings per share and 15% over the last five years which is almost twice the collective performance of the ASX200. Each year we have achieved this impressive growth with returns on equity over 20 per cent and a conservative balance sheet. This growth has been achieved without having to raise any additional capital from shareholders and consistently paying half the earnings as dividends.

Such a consistent performance is the result of Credit Corp’s disciplined approach and its understanding of the markets it operates in.

During 2018, we continued to grow our businesses in Australia, New Zealand and the US.


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