Shares in Credit Corp surged to a two-week high on a profit upgrade and strong first-half result
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBYTg9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--39e69bd3b68ed62cda736d78909192fa6b58850d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-exclusive.png)
Livewire
Shares in Credit Corp surged to a two-week high on a profit upgrade and strong first-half result. An 18% jump in the debt collection group's net profit to $17.2 million on the back of a 25% increase in revenue to $84.1 million. The result was comfortably ahead of consensus forecasts for net profit and sales of $16.2 million and $78.2 million,. What also got investors excited was its full-year guidance lifting net profit estimates for 2013-14 to between $33 million and $35 million compared with November's guidance of $31 million to $33 million. Standouts in the result were strong purchasing of new debts ledgers and the strong growth in their new lending business where the loan book as rapidly grown from $19 million at June to $35 million in December 2013. The question is can CCP hold onto margins as debt books become increasingly expensive putting pressure on margins. (VIEW LINK)
![Livewire Equities](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBYTg9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--39e69bd3b68ed62cda736d78909192fa6b58850d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-exclusive.png)
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
![Livewire Equities](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBYTg9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--39e69bd3b68ed62cda736d78909192fa6b58850d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/LWM-icon-exclusive.png)
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise