In respect of the financial year ended 30 June 2008 the directors of Cash Converters International Limited submit the following report made out in accordance with a resolution of the directors. read more........
It gives us great pleasure to present the Appendix 4E for the financial year ending June 2008.
This year has been the most successful in the Company’s history, with a record net profit of $15,174,586. This is up over 30% on the previous year. Read more......
We are pleased to announce that Cash Converters Webshop, our new Australian online store, is now open! Providing an additional distribution channel and revenue stream for stores and the Company.
Consumers can bid at auction or buy items right away with a choice of payment methods - credit card, paypal or in-store if located nearby.
It is a truly integrated bricks and clicks solution with all products listed on Webshop also available for purchase at the listing store.
Webshop provides consumer confidence to online purchasing as all products are thoroughly checked and tested in-store with many being covered by a 90-day warranty,
The Company refers to the announcement by the Queensland Government that it is introducing legislation into Parliament to give effect to the cap on interest rates at 48% per annum including fees and charges which is consistent with the Government’s announcement of December, 2007. read more......
The Company refers to the fact that there has been some publicity over the past year concerning the tax dispute between Mr Peter Cumins, our Managing Director, and the Australian Taxation Office. read more...........
The Company is pleased to report a record net profit of $7,264,237 for the period, representing an increase of 68.4% on last year’s result. This strong half-year result has the Company well placed to deliver the full year profit forecast, previously advised, of $14.5 to $15.0 million. read more......
The Company has considered the potential earnings impact of the recently announced proposed legislative changes in Queensland
The Company notes the announcement by the Queensland Government of its intention to regulate the micro-lending industry by capping the combination of interest, fees and charges at 48% per annum. Read more.....
Cash Converters International Limited intends to commence an on-market share buy-back on 10 December 2007.... click here
Cash Converters International Limited's Annual General Meeting was held at the Western Australian Club, Perth on 21 November 2007. The Managing Director's address is attached for your information.