Huntleys' Stock of the Week
Marketplace
Cash Converters International Provides Profit Target Upgrade
Wednesday November 25, 2009, 12:30 pm

Original Announcement: Profit Announcement Nov 09

Cash Converters International announced a profit upgrade from the company's previously released net profit target of $18m-$18.5m, to $20.5m-$21m. The unaudited net profit after tax for the first four months of the 2010 financial year is $5.9m which is 11.6% higher than budget. The key drivers for the strong trading performance and increase in profit expectations have been: The Safrock loan book has grown by 23% to $26.3m during the four month period. The increase in the size of the loan book will have a positive impact on earnings for the remainder of the year; and the company also acquired three franchised stores in the UK during the period and the profit contribution from these new stores will provide an uplift in full year earnings.

More information about CCV.AX
  •   

    • Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help