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Credit Corp Reports First Half Profit Growth of 13% and Improved Outlook

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

• 13 per cent increase in Net Profit after Tax (NPAT) to $33.6 million

• 18 per cent growth in the consumer loan book to $203 million

• 71 per cent growth in US revenue and initial purchases from two new issuers

• Upgraded full year outlook for NPAT, purchasing and net lending

The consumer lending and US business segments exceeded expectations during the half and the core Australia and New Zealand debt buying segment sustained near-record collections despite reduced purchasing.

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