Credit Corp. Group Ltd. reported unaudited consolidated earnings results for the first half ended December 31, 2017. For the period, the company reported revenue of AUD 147,586,000 against AUD 129,102,000 a year ago. Profit before income tax expense was AUD 42,562,000 against AUD 36,157,000 a year ago. Profit for the period was AUD 29,794,000 against AUD 25,197,000 a year ago. Diluted earnings per share were 62.0 cents against 52.4 cents a year ago. Net cash outflow from operating activities AUD 1,182,000 against AUD 45,855,000 a year ago. Acquisition of plant and equipment was AUD 425,000 against AUD 976,000 a year ago.

The Group reaffirmed the Fiscal year 2018 Net profit after tax guidance upgraded in November 2017, representing profit growth in the range of 12% to 16%. The lending segment will produce a higher second half Net profit after tax with seasonally lower settled volume and the US debt buying operation is on track for a profit.