Credit Corp: Result 2014

Despite increasing competition, debt collection continues to be a money-spinner for Credit Corp.

Australia’s largest debt collector, Credit Corp, announced a solid full-year result with revenue increasing 26% to $174m, primarily due to strong growth in its newly formed small loans business. Net profit increased 16% to $35m and earnings per share was also up 16% to 75.4 cents. The board declared a fully franked final dividend of 20 cents (ex date 24 Sep), bringing the yearly total to 40 cents, up 8%, for a current yield of 4.3%.

Credit Corp’s core business of purchasing ledgers of distressed debt from banks and utilities performed admirably, given difficult industry conditions, with purchases reaching $145m, a slight increase on the previous year.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles