Cash Converters posts H1 loss & loans growth

Company News

Cash Converters International Limited (ASX:CCV) has booked a first half net loss but achieved a record breaking lending performance at the end of last year. 
 
The second-hand goods retailer swung to a net loss of $5.3 million in last six months of 2014, down from a profit of $9.9 million the year before. 
 
Cash Converters says the result was impacted by charges related to the termination of agreements with financial agents Kentsleigh and Cliffview. 
 
The company’s loan book in Australia grew 23 per cent to $116 million by the end of the year after issuing a record $23 million loans in December. 
 
A fully franked interim dividend of 2 cents per share has been declared.