Credit Corp. Group Ltd. Reports Unaudited Consolidated Earnings Results for the First Half Ended December 31, 2017; Reaffirms Earnings Guidance for the Fiscal Year 2018
January 30, 2018 at 03:40 am IST
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.