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Credit Corp Reports First Half Profit Growth of 18%

Credit Corp Group Limited (Credit Corp) reports the following highlights for the first half of the 2018 fiscal year:

• 18 per cent increase in first half Net Profit after Tax (NPAT) to $29.8 million

• Australia/New Zealand lending business on track for 30% earnings growth in 2018

• US debt buying operation is profitable and will achieve a full year turnaround of up to $3 million

• Solid core Australia/New Zealand debt buying earnings and collections growth.

While much of the profit growth was attributable to the fast-growing consumer lending division and the turnaround to profitability in the US, the core Australian and New Zealand debt buying operation also grew earnings.

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