Collection House Sits With Finance News Network: All You Need To Know

  • Sep 28, 2018 AEST
  • Team Kalkine
Collection House Sits With Finance News Network: All You Need To Know

On September 28, 2018, the Chairman of Collection House Limited (ASX: CLH) sat down with Finance News Network and discussed the growth strategies. Jessica Amir initiated the discussion on a friendly note by asking about the plans of Leigh Berkley about relocating in Australia. Leigh Berkley happens to be the Chairman of Collection House Limited. During the course of an interview, Leigh Berkley reflected favorable views regarding the company’s outlook and discussed how the company’s NPAT or Net Profit after Tax is been improved substantially. In FY 2018, the company’s NPAT stood at $26.1 million which reflects the YoY growth of 50%. In addition, the company has been working towards capital efficiency with the help of Portfolio Enhancement Program.

The chief executive also discussed the changes that have been done by the management. Anthony Rivas, the managing director as well as the chief executive officer, would be working in the company even post the contractual term for the period of three years. In addition, the company also hired Catherine McDowell and Sandra Birkensleigh. They would be serving as the directors of the company. Leigh Berkley reflected the positive views in regard to their hiring and stated that they bring with them an extensive experience of the industry in which the company operates.  

The fresh leadership team and Anthony Rivas introduced significant initiatives which would help the company to tap the potential growth opportunities that might arise moving forward. For FY 2019, Leigh Berkley reflected positive outlook as the company has been improving the shareholder value and it is also giving special attention to the business fundamentals. The company plans to remain on the path of innovation with the sustained use of technology. Moving forward, the company has plans of conducting the annual general meetings or AGMs in Melbourne, Brisbane as well as Sydney. This would help the company have an interaction with the shareholders.

CLH ended the day at A$1.550 which marks the fall of 1.899%. The company has a market capitalization of $216.7 million.

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