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.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.