Why then does it state in the media release, "Profits in the core Australia and New Zealand debt buying business increased by 5% and collections by 4% in the first half, despite a 30% reduction in purchasing." Was this reduction from the previous period?
Also stated "Credit Corp grew its 2018 contracted debt ledger pipeline from $75 million at the start of the year to $190 million due to large spot purchases and the rollover of existing forward flow contracts." I think I'm confused about the timing
Lastly, looking at the outlook going forward suggest that debt ledgers are growing, but are less profitable??
Upgraded guidance (November 2017) Updated guidance (January 2018)
PDL acquisitions $170 - $190m $190 - $200m
Net lending volumes $35 - $45m $35 - $45m
NPAT $62 - $64m $62 - $64m
EPS 130 - 134 cents 1 30 - 134 cents
Can anyone clear this up?
Thanks
Why then does it state in the media release, "Profits in the...
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