Collection House see consolidated NPAT up 18%

Company News

by Rachael Jones

Receivables manager Collection House (ASX:CLH) reported today showing consolidated net profit after tax was up 18 per cent to $30.7 million.

Total revenue was $161.1 million up 12 per cent on the previous corresponding period.

Overall, trading conditions for both the Collection Services and PDL segments were challenging due to a rapidly changing regulatory environment and general disruption leading into the federal election.

While there was short term disruption, the Group is well positioned to deliver an improved FY20 result.

Shares in Collection House (ASX:CLH) trading 8.2 per cent higher at $1.19.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.