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.