Debt collector and payday lender Credit Corp Group Limited (ASX: CCP) released its annual results for 2017 this morning. Its share price rose 5% to $17.76 at the time of writing.
Here?s what you need to know:
Revenue rose 17% to $266 million
Net profit after tax (NPAT) rose 20% to $55 million
Earnings per share of 114.7 cents
Dividends per share of 58 cents (3.5% yield)
Net debt $203 million (gearing ratio of 43%)
Record debt purchases in 2017 will drive strong collections in 2018
Lending and US businesses expected to deliver 9% to 14% NPAT growth
Initial guidance for
Debt collector and payday lender Credit Corp Group Limited (ASX: CCP) released its annual results for 2017 this morning. Its share price rose 5% to $17.76 at the ti…
Read the full article at: http://www.fool.com.au/2017/08/01/credit-corp-group-limited-share-price-jumps-5-heres-what-you-need-to-know/