Australia's Credit Corp falls most in 6 weeks as HY profit misses expectations

Credit

30/01/2025 24:15

** Shares of Credit Corp Group  CCP.AX  fall 5.9% to
A$17.17, their biggest fall since Dec. 18, if losses hold
    ** CCP is among the top losers in the benchmark ASX 200
index  .AXJO 
    ** Financial services co posts HY underlying group net
profit after tax of A$44.1 mln ($27.51 mln), missing Jefferies'
estimate of A$46.6 mln
    ** Co posts HY revenue of A$271.5 mln, 45% higher than last
year and beating Jefferies' estimate of A$270 mln
    ** Declares interim dividend of 32 AU cents per share,
higher than the 15 AU cents declared last year
    ** Stock up over 7% this year, including session's move


($1 = 1.6031 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))