Credit Corp’s Net Profit Hit Amid COVID-19 Pandemic

  • Jul 13, 2020 AEST
  • Team Kalkine

Credit Corp (ASX:CCP) expects NPAT for FY20 to be in the range of A$10-15 million after accounting for the impairment cost on purchased debt ledger assets and COVID-19 associated costs.

Before the impairment cost, NPAT for FY20 anticipated to be in between A$75-A$80 million.

Moreover, the Company disclosed that it enters FY21 in a robust position without any net debt and undrawn lines of A$375 million.


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