Credit Corp collects revenue

Wilson Asset Management

Wilson Asset Management

Debt collection agency Credit Corp (ASX: CCP) announced on Thursday its half year result, posting revenue growth of 20%, from $93.7 million to $112.2 million, and a profit of $21.2 million, up 6% on the previous corresponding period. Growth was driven by the companies increased purchasing of debt ledgers, along with strong growth in its loan book. Credit Corp shares closed up 15% for the week following the announcement. We own Credit Corp in the investment portfolio.

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Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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