Cash Converters (CCV) announced an increase in revenue of 23% as well as a profit increase of 30% and is thriving in the current economic conditions. The last year has been the most successful in the Company’s history with a record net profit after tax of $15.1m, up 30% on last year’s result. Â
The first four months of this financial year have also been strong. The performance of the Group during this period sees net profit after tax up $1.1m against the budget on which our full year published guidance of $12m NPAT for 2009 was based. Accordingly, the Company expects that it will at a minimum achieve a result of $13.1 million net profit after tax, taking into account the Group’s performance during the first 4 months of this year.Â
The Directors of the Company recommend an interim, fully franked dividend, of 1.5 (one and a half) cents per share to be paid on 31 March 2009 to those shareholders on the register at close of business on 17 March 2009.Â
http://www.cashconverters.com/
Tags: Cash Converters, CCV, profit increase, Record Profit
