Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

BRIEF-Credit Corp Group Acquires Baycorp Holdings

Published 16/08/2019, 03:57 pm
© Reuters.  BRIEF-Credit Corp Group Acquires Baycorp Holdings
CCP
-

Aug 16 (Reuters) - Credit Corp Group Ltd CCP.AX :

* ACQUIRED BAYCORP HOLDINGS PTY LTD

* DEAL FOR A$65 MILLION

* ACQUISITION SIGNIFICANTLY IMPROVES CREDIT CORP'S CURRENT YEAR EARNINGS OUTLOOK

* REVISED EARNINGS GUIDANCE FOR 2020 IS FOR GROWTH IN NPAT OVER PRIOR YEAR OF 15% TO 18%

* ACQUISITION WILL PRODUCE EARNINGS GROWTH IN CORE AUSTRALIAN, NZ DEBT BUYING BUSINESS

* PDL COLLECTION PLATFORM WILL BE PROMPTLY MERGED WITH CREDIT CORP'S EXISTING AUSTRALIAN AND NEW ZEALAND DEBT BUYING BUSINESS

* BAYCORP ACQUISITION INCREASES PDL INVESTMENT GUIDANCE TO THE RANGE OF $300-$320 MILLION IN 2020

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.