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‘Calmer’ this lockdown: Credit Corp expects stable repayments

Liam WalshReporter

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Key Points

  • Full-year revenue up 19.6pc to $374.8m 
  • Pre-tax profit up 468pc to $125.9m
  • Net profit up 470pc to $88.1m
  • Final dividend 36¢ vs nil, payable September 10

Battlers are taking less of a doomsday approach to dealing with their troubled finances in the latest lockdowns, according to a leading debt collector.

While remaining conservative in terms of taking out loans, people are continuing to reduce their bad debts this time around, Sydney-based Credit Corp said on Tuesday.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/calmer-this-lockdown-credit-corp-sees-stable-repayments-20210802-p58f04