News

Credit Corp Group Limited (Credit Corp or the Company) reports the following highlights for the first half of the 2024 fiscal year (H1 of FY24):

• Continued US operational improvement
• 16% growth in the consumer loan book to a record gross closing balance of $414 million
• Tripling in consumer lending Net Profit after Tax (NPAT) over the prior comparative period (pcp)

Statutory NPAT for the half year was a loss of $12.1 million. This reflects the previously announced impairment of the Company’s US Purchased Debt Ledger (PDL) book. Excluding the $45.6 million impact on NPAT of this charge, underlying NPAT for the period was 5 per cent higher than the prior comparative period (pcp) at $33.5 million.

View the Media Release and Full Presentation | View the Video Presentation | View the H1 FY24 Financials