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Credit Corp reports a strong result and increased opportunity

Credit Corp Group Limited (Credit Corp) reports the following highlights for the 2019 fiscal year:

  • 9% increase in Net Profit after Tax (NPAT) to $70.3 million
  • 16% increase in the consumer loan book to $212 million
  • Acceleration in US debt buying:
  1. 69% increase in collections
  2. 40% increase in investment
  3. 69% increase in year-end headcount
  4. A near tripling in segment NPAT
  • A return to investment growth in Australian/New Zealand debt buying
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