Credit Corp collects revenue
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 has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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