Full credit to Credit Corp
Debt purchasing and consumer lending company Credit Corp (ASX: CCP) released its FY16 results on Tuesday. Revenue increased 19% and net profit after tax increased 20% from last year driven by strong growth. We have been long-term supporters of Credit Corp with the strong management team consistently creating significant shareholder value. Shares in Credit Corp closed up 18.4% for the week. We own Credit Corp as a research driven investment in WAM Capital, WAM Research and WAM Leaders.
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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),...