Debt collecting giant Credit Corp has warned of lukewarm profits, partly due to Australians refraining from loading up on credit-card debt.
Investors were spooked by Credit Corp’s warning of profits remaining flat or dipping in the current financial year. Sydney-based Credit Corp shares closed down $1.14, 4.7 per cent, at $23.18 in trade 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
