Cash Converters half year results 2016
Cash Converters International Limited (ASX: CCV) (‘the Company’) has delivered Revenue for the six months to 31 December 2016 of $143.5 million, and a Net Profit After Tax (NPAT) from continuing operations of $11.5 million, which while down 27.9% on the previous year is in line with expectations.
Recently appointed Chief Executive Officer, Mark Reid, commented: “Following the announcement in 2016 of a new strategy for the Company focused on building sustainable growth for the long term, this is a pleasing result. The Company is progressing through a period of strategic transition and during the half year we achieved a number of milestones in this regard on or ahead of schedule."
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