Credit Corp Group Limited (AU:CCP) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Credit Corp Group Limited has reported that their underlying NPAT of $81.2 million for FY2024 aligned with the market’s Earnings Guidance of $80-90 million. Despite a reported statutory NPAT of $50.7 million exceeding expectations due to a non-cash accounting gain from a policy change, the company maintains this did not materially affect the market’s expectations or the share price. They assert that any significant variances between expected and actual earnings were promptly addressed in line with ASX guidelines, with no material impact foreseen for future periods.
For further insights into AU:CCP stock, check out TipRanks’ Stock Analysis page.