CCP 0.82% $13.33 credit corp group limited

profit up 119% revenue up 197%!

  1. 11 Posts.
    Killed revenue forecasts of $4m for the half year. This company at current price and forward looking for full year 03 will have a PE of around 5-6 and a dividend yield that could approach 7-8% (full year 03). In addition to this the chart looks good with a nice trendline on the weekly, looking to break out if if goes through resistance at 94c. Check it out!.


    HOMEX - Sydney

    Directors are pleased to release the results for Credit Corp Group
    Limited for the half year ended 31 December 2002. Net profit after tax
    of $1.548 million was achieved on revenues of $7.911 million,
    increases of 197% and 119% respectively over the prior half-year

    The strong result reflects Credit Corp's successful broadening of its
    revenue base to include specialist commission-based debt recovery,
    Government recovery services, process serving and legal support, as
    well as its traditional mainstay, debt ledger acquisition.

    Substantial earnings growth in the half was underpinned by a full
    contribution from the A&K Mercantile Services business, which Credit
    Corp acquired in March 2002, also contribution to a strong increase
    in operating cash flows.

    Directors declared an interim dividend of 2.25 cents per share, and
    reported solid progress in the first half toward meeting the
    company's forecast net profit after tax for the full year of $3.15

    Managing Director of Credit Corp, Mr Simon Calleia, said the first
    half result was very pleasing, and emphasised Credit Corp's ability
    to deliver consistent earnings growth through a combination of nimble
    and focused management, close attention to customer needs, and
    considered expansion that leveraged the company's core strengths.

    "Considerable management attention in this period was directed to
    successful completing the integration of the A&K businesses and it's
    satisfying to see those businesses making a healthy contribution to
    the group result," Mr Calleia said.

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Mkt cap ! $907.3M
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$13.33 $13.44 $13.21 $1.515M 113.6K

Buyers (Bids)

No. Vol. Price($)
1 2538 $13.33

Sellers (Offers)

Price($) Vol. No.
$13.34 500 1
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Last trade - 16.10pm 07/12/2023 (20 minute delay) ?
-0.110 ( 1.03 %)
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$13.33 $13.43 $13.21 21152
Last updated 15.59pm 07/12/2023 ?
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