Credit Corp Group Limited (AU:CCP) has released an update.
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Credit Corp Group Limited faced a challenging 2024 with a significant 44% drop in Net Profit After Tax due to a weakening US consumer market, resulting in reduced dividends and a lower share price. Despite these setbacks, the company showed strong performance in Australia and New Zealand and ended the year with a positive outlook, driven by strategic diversification and improved US operations. Credit Corp is poised for growth in 2025, capitalizing on its competitive core business and enhanced operational capabilities.
For further insights into AU:CCP stock, check out TipRanks’ Stock Analysis page.