COLLECTION HOUSE RAMPS UP PROFIT

Written on the 11 February 2015 by Laura Daquino

COLLECTION HOUSE RAMPS UP PROFIT DEBT collectors Collection House (ASX: CLH) have posted a 19.1 per cent increase on half year NPAT and a 22.7 per cent increase in revenue.

The company, which specialises in consumer debt, posted a profit of $11.2 million for the period, from a revenue of $63.8 million. 

An interim fully franked dividend of 4.4 cents per share was also declared, a 12.8 per cent increase on the previous interim dividend of 3.9 cents.

Managing director and CEO Matthew Thomas says CLH is satisfied with the results, which are a continuation of eight years straight in profit increases. 

Thomas says this last year marked a record high investment for the company in purchasing consumer debt.

"Our profits have gone up before, during and following the GFC which means we are in vastly different position compared to industries like mining where situations like that are actually a catalyst for our business growth," says Thomas.

"We are pretty positive about our year ahead, which is backed by investments in IT enhancements to our C5 platform have resulted in greater operational efficiencies across the organisation."

CLH group chair David Liddy says the first-half results demonstrate successful strategic execution of the company's growth strategy.

"This will continue as we further leverage our core strengths in compliance, innovation and data analytics," he says.

"We are in a secure position and the company is on track to deliver continued strong growth and stable returns for shareholders into the second half of 2015."



Author: Laura Daquino Connect via: Twitter LinkedIn

Latest News

GROUPTOGETHER A GIFT FOR TIME-POOR PARENTS

JULIE Tylman and Ali Linz have taken the stress out of gift giving by creating GroupTogether, an online platform whic...

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter